It is the end of the accounting period for the financial year $-30$th June $2023.$ At the beginning of June, MRJ KidsRUs purchased a $5-$year public liablity insurance for $$36,000.$ The partnership recorded the initial payment to the insurance company, however was not sure how to post the adjusting entry for the month of June $2023.$

Required:

Record the necessary adjusting entry on $30$th bune $2023.(2$ marka$)$

Instructions: Record the adjusting eritry for wht$.$ Kadspus in the general journal by selecting the correct accounts and amounts that are detbited and credticet.

General Journal

Jun $30$ Dr