Jack's Construction R US
Unadjusted Trial Balance
March 31, 2019	Unadjusted Trial Balance
Account Name	Debits	Credits
Cash	123,650
Accounts Receivable	15,900
Construction Supplies	575
Prepaid Insurance	15,000
Trucks	75,840
Accumulated Depr - Trucks		13,400
Accounts Payable		29,700
Unearned Construction Revenue		15,000
Common Stock		25,000
Dividends	20,000
Retained Earnings		37,220
Construction Revenue		263,400
Salaries Expense	74,650
Depreciation Exp - Trucks	15,125
Insurance Expense	42,980
Totals	383,720	383,720

Prepare the following adjusting journal entry:

The company purchased a 3-month insurance policy; one month has expired in March.