Determine how each of the following events and its related year-end adjusting entry affects the accounting equation. Assume the company's year-end is December 31". The first event and its related adjusting entry are shown as an example. Complete entries (B). (C), and (D). 2 extra credit points each 6 possible extra credit points. A. Pald $12,000 cash in advance on April 1 for a one-year Insurance policy. Original Entry: Cosh (asset account) decreases by $12,000; Pre-Paid Insurance (asset account) increases by $12,000 Adjusting Entry at Year End: Pre-Paid Insurance (asset account) decreases $9,000, Insurance Expense of $9,000 reduces Retoined Earnings (equity account) Determine how each of the following events and its related year-end adjusting entry affects the accounting equation. Assume the company's year-end is December 31". The first event and its related adjusting entry are shown as an example. Complete entries (B). (C), and (D). 2 extra credit points each 6 possible extra credit points. A. Pald $12,000 cash in advance on April 1 for a one-year Insurance policy. Original Entry: Cosh (asset account) decreases by $12,000; Pre-Paid Insurance (asset account) increases by $12,000 Adjusting Entry at Year End: Pre-Paid Insurance (asset account) decreases $9,000, Insurance Expense of $9,000 reduces Retoined Earnings (equity account)