On January 1 , you paid

$600

for insurance coverage for your company for the period

(1)/(1)

to

(6)/(30)

.\ Prepare the entry to record the payment on January 1 and any adjustment entry needed on January 31. If no entry is required, select No Debit or No Credit in the account fields.\ \\\\table[[Account,Debit,Credit],[,

,],[To record premium payment on January 1.,,],[,

,],[,

,],[To record adjustment at January 31.,,]]

On January 1 , you paid $600 for insurance coverage for your company for the period 1/1 to 6/30. Prepare the entry to record the payment on January 1 and any adjustment entry needed on January 31 . If no entry is required, select No Debit or No Credit in the account fields