Fes Company is making adjusting journal entries for the year ended December 31, 2021. In developing information for the adjusting journal entries, you learned the following:

A.) A two-year insurance premium of $7,900 was paid on January 1, 2021, for coverage beginning on that date. As of December 31, 2021, the unadjusted balances were $7,900 for Prepaid Insurance and $0 for Insurance Expense.

B.) At December 31, 2021, you obtained the following data relating to supplies.

Unadjusted balance in Supplies on December 31: $18,500

Unadjusted balance in Supplies Expense on December 31: 79,000

Supplies on hand counted on December 31: 12,800

Required: Prepare adjusting journal entries at December 31, 2021, 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.)