Mountaineer Excavation operates in a low-lying area that is subject to heavy rains and flooding. Because of this, Mountaineer purchases one year of flood Insurance in advance on March 1. paying $28.800 ($2,400/month). Required: 1.82 Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Prepaid Insurance and Insurance Expense (assuming the balance of Prepaid Insurance at the beginning of the year is so). Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below at no antry is required for a particular transaction/event, select No Journal Entry Required in the first account field.) View transmeton list Journal entry worksheet 1 2 > Record the purchase of insurance on March 1. Genaral Journal Dobit Credit Macho Chery Small Mountaineer Excavation operates in a low-lying area that is subject to heavy ralns and flooding. Because of this, Mountaineer purchases one year of flood Insurance in advance on March 1, paying $28,800 ($2,400/month). Required: 1.82 Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Prepald Insurance and Insurance Expense (assuming the balance of Prepaid Insurance at the beginning of the year is $0). Complete this question by entering your answers in the tabs below. Required 1 and 2 Required Calculate the year-end adjusted balances at Prepaid Insurance and Insurance Expense (assuming the balance of Prepaid Insurance at the beginning of the year is 30). Ending Balance Prepaid insurance Insurance expand Hagud 1 And