On December 31, 2015, the unadjusted balance in Prepaid Insurance was $2,580. This was the amount paid in the middle of the year for a two-year insurance policy with coverage beginning on July 1, 2015. The unadjusted balance in Insurance Expense was $390, which was the cost of insurance from January 1 to June 30, 2015.

What is the adjusted journal entry for both insurance expense and prepaid insurance?