Fill in the t-accounts for each situation and label each transaction as Prepaid (Deferrals) or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Depreciation for the current year includes Equipment, $3,400. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is 57,400 Adjustment Type: Depreciation Expense - Equipment Accumulated Depreciation - Equipment Used prepaid insurance of $4,580. The Prepaid Insurance unadjusted balance as of December 31 is $10.900. Adjustment Type: Insurance Expense Prepaid Insurance A lw year insurance policy for $1,320 was purchased on November 1 of the current year. Record the transaction for the year ended December 31. Adjustment Type: Insurance Expense Prepaid Insurance