Fes Company is making adjusting journal entries for the year ended December 31, 2015. In developing information for the adjusting journal entries, you learned the following: a. A two-year insurance premium of $7,800 was paid on January 1, 2015, for coverage beginning on that date. As of December 31, 2015, the unadjusted balances were $7.800 for Prepaid Insurance and SO for Insurance Expense. b. Al December 31, 2015. you obtained the following data relating to supplies. Unadjusted balance in Supplies on December 31, 2015 Unadjusted balance in Supplies Expense on December 31, 2015 Supplies on hand, counted on December 31, 2015 18,000 78,000 12.400 Required: Prepare adjusting journal entries at December 31, 2015, 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.) View transaction list Journal entry worksheet Record the adjusting entry for insurance. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal