Instructions A one year insurance policy was purchased on June 1 for $2,640 Chart of Accounts Required: Prepare the acusting entry on December 31. Peter to the Chart of Accounts for exact wording of accountitles CHART OF ACCOUNTS General Ledger ASSETS REVENUE 11 Cash 41 Fees Eamed 12 Accounts Receivable 13 Supplies 14 Prepaid insurance 16 Omo Building 17 Accumulated Depreciation coulding EXPENSES 51 Advertising Expense 52 Insurance pense 53 Interest Expense S4 Wage Expense 55 Supplies Expanse 56 Utilities Expense 57 Depreciation Expense 50 Mellaneous conse LIABILITIES 21 Accounts Payable 22 Notes Payable 23 Uneamed Fees 24 Wages Payabile 25 interest Payable EQUITY 31 Owner, Capital 32 Owner, Drawing All work saved