oblems In general journal form, record the December 31 adjusting entries for the following transactions and events. ssume that December 31 is the end of the annual accounting period. The Prepaid Insurance account shows balance of 2.340, representing the cost of a three-year fire a debit nsurance policy that was purchased on October of the current reveals $80 of supplies The Office Supplies account has a debit balance of $400; a year-end inventory count still on Rent was credited for SI,500. This amount represented the rent c. On November 1 of the current year. Unearned were made for the year. collected in advance for a three-month period beginning November 1. No other entries depreciation on office equipment is S600 e. Accrued salaries amount to $400. GENERAL JOURNAL Credit Debit Account Titles and Explanation Date