Fes Company is making adjusting journal entries for the year ended December 31, 2018. In developing information for the adjusting journal entries, you learned the following:

A two-year insurance premium of $8,900 was paid on January 1, 2018, for coverage beginning on that date. As of December 31, 2018, the unadjusted balances were $8,900 for Prepaid Insurance and $0 for Insurance Expense.

At December 31, 2018, you obtained the following data relating to supplies:

Unadjusted balance in Supplies on December 31, 2018	$	23,500
Unadjusted balance in Supplies Expense on December 31, 2018		89,000
Supplies on hand, counted on December 31, 2018		16,800

Required:

Prepare adjusting journal entries at December 31, 2018, for (a) insurance, and (b) supplies. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)