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Joumaize the adjusting entry needed at December 31, the end of the current accounting year, for each of the following independent cases affecing Mountain Mania.

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Joumaize the adjusting entry needed at December 31, the end of the current accounting year, for each of the following independent cases affecing Mountain Mania. Inc. No other adjusting entries have been made for the year. (Record debits first, then credits. Exclade explanations from any journal entries ) (Cick the icon to view the independent cases) a. Prior to making the adjusting entry on December 31, the balance in Prepaid insurance is $4 800 Mountain Mania,Inc pays liblty insurance each year on July 1 Journal Entry Accounts Date Debit Credit Dec 31 ct

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