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Google Co. prepaid $1,800 for one year's worth of insurance on January 1^(st ) ( $150// month). What is the necessary adjusting entry to record

Google Co. prepaid $1,800 for one year's worth of insurance on January 1^("st ") ( $150// month). What is the necessary adjusting entry to record $150 worth of prepaid insurance which expired at the end of January. Debit Credit If this adjustment is NOT made, the following are overstated, understated, or not impacted: Assets: Liabilities: Revenue: Expense: Stockholders' Equity:

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