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he trial balance forSkysong, Inc.appears as follows: Skysong, Inc. Trial Balance December 31, 2022 Cash $280 Accounts Receivable 480 Prepaid Insurance 75 Supplies 166 Equipment

he trial balance forSkysong, Inc.appears as follows:

Skysong, Inc.

Trial Balance

December 31, 2022

Cash $280

Accounts Receivable 480

Prepaid Insurance 75

Supplies 166

Equipment 3680

Accumulated Depreciation, Equipment $550

Accounts Payable 353

Common Stock 1100

Retained Earnings 1290

Service Revenue 2768

Salaries and Wages Expense 920

Rent Expense 460

$6061 $6061

If, on December 31, 2022, the insurance still unexpired amounted to $18, the adjusting entry would contain a:

debit to Prepaid Insurance for $57.

debit to Insurance Expense for $57.

debit to Prepaid Insurance for $18.

credit to Prepaid Insurance for $18.

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