Date Accounts and Explanation Debit Credit (e) Dec. 31 Unearned Revenue 500 Service Revenue 500 To record service revenue that was collected in advance Requirement 2. The four-column ledger accounts have been opened for you using the unadjusted trial balance. Post the adjusting entries to the ledger accoun a. As of December 31, Lexington had $300 of Prepaid Insurance remaining Beview the journal entry.you prepared in Requirement 1. PREPAID INSURANCE Date 2024 Dec. 31 Balance Dec. 31 (a) INSURANCE EXPENSE Date 2024 Dec. 31 Balance Dec. 31 (a) Balance Item Post. Ref. Debit Credit Debit Credit 2000 2.600 2000 Balance Item Post. Ref. Debit Credit Debit Credit 2000