I need help filling out this chart and it would be great if you could explain what to do for each section like assets, liabilities, equity and so forth. thank you very much

Adjusting entries for prepaid insurance Instructions Chart of Accounts Journal 0 Instructions The balance in the prepaid insurance account, before adjustment at the end of the year, is $18,420. The year end is March 31. Journalize the March 31 adjusting entry required under each of the following alternatives for determining the amount of the adjustment: (a) the amount of insurance expired during the year is $15,780; (b) the amount of unexpired insurance applicable to future periods is $2,640. Refer to the Chart of Accounts for exact wording of account titles. tructions Chart of Accounts General Ledger REVENUE ASSETS 11 Cash 41 Fees Earned 12 Accounts Receivable EXPENSES 13 Supplies 14 Prepaid Insurance 51 Advertising Expense 15 Land 52 Insurance Expense 16 Equipment 53 Rent Expense 17 Accumulated Depreciation-Equipment 54 Salary Expense 55 Supplies Expense 56 Utilities Expense LIABILITIES 57 Depreciation Expense 21 Accounts Payable 22 Unearned Fees 59 Miscellaneous Expense 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Adjusting entries for prepaid insurance Instructions Chart of Accounts Journal HI Journal + (a) Journalize the March 31 adjusting entry required when the amount of insurance expired during the year is $15,780. Refer to the Chart of Accounts for exact w account titles. JOURNAL ACCOUNTING EQUAT DEBIT CREDIT POST. REF LIABILITIES ASSETS DATE DESCRIPTION Adjusting Entries 1 2 3