I need the green color answer with the excel fomluma.

A B C 1 MCU Hotel The MCU Hotel took advantage of a major discount and paid a two-year premium of $24,000 for fire insurance on July 4. 20x6. The insurance converge is for August 1, 20x6, through July 31, 20x8. 4 1. Provide the journal entry to record the payment of $24,000 5 Debit Credit 6 Prepaid Insurance 7 Deferred Charges - Insurance 8 Cash 9 10 11 2. How much of the two year premium should be expensed by the end of 20x6? 12 Yearly expense 13 Monthly expense 14 Insurance expense for 20x6 15 16 3. How much is shown as prepaid insurance (current asset) at the end of 20x6? 17 Prepaid Insurance at End of 20x6 18 19 4. How much is shown as deferred charges - insurance at the end of 20x6? 20 Deferred Charges - Insurance at End of 20x6