. On July 1, 2017, Lopez Company paid $1,400 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31, 2017 . Zim Company has a Supplies account balance of $5,400 on January 1, 2017. During 2017, it purchased $2,200 of supplies. As of December 31, 2017, a supplies inventory shows $900 of supplies available Record journal entry to reflect expiration of the insurance as of December 31, 2017. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record the supplies used during the year. Note: Enter debits before credits. Transaction General Journal Debit Credit b