On 01.09.20x0, the company paid NOK 96,000 in insurance for half a year, for September 20x0 to February 20x1. Make the necessary closing postings with the stated raw balance so that the profit and loss account and the balance sheet are correct at the end of the year in 20x0. What amount should be in the balance sheet and profit and loss account at the end of the year?

20x0	Account name	raw balance	posting	Final balance
1742	Advance payment insurance	30,000
7500	Insurance	66,000