Help me please

Fes Company is making adjusting journal entries for the year ended December 31, 2013. In developing information for the adjusting journal entries, you learned the following: a. A three-year insurance premium of $7,200 was paid on January 1, 2013, for coverage beginning on that date. As of December 31, 2013, the unadjusted balances were $7,200 for Prepaid Insurance and $0 for Insurance Expense. b. At December 31, 2013, you obtained the following data relating to supplies. Unadjusted balance in Supplies on December 31, 2013 $ 15,000 Unadjusted balance in Supplies Expense on December 31, 72,000 2013 Supplies on hand, counted on December 31, 2013 10,000Journal entry worksheet 2 Record the adjusting entry for insurance. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal1 Record the adjusting entry for insurance. 2 Record the adjusting entry for supplies. Required: 1. Of the $7,200 paid for insurance, what amount should be reported on the 2013 income statement as Insurance Expense? What amount should be reported on the December 31, 2013, balance sheet as Prepaid Insurance? Insurance Expense _ Prepaid Insurance _ 2. What amount should be reported on the 2013 income statement as Supplies Expense? What amount should be reported on the December 31. 2013, balance sheet as Supplies? Supplies Expense Supplies 3. Indicate the accounting equation effects of the adjustment required for (6) insurance and (b) supplies. (Enter all amounts as positive values.)