On July 1, Friler Company purchased a 1-year insurance policy by paying $4,200. Required: Prepare journal entries to record the purchase and the related year-end adjusting entry Genelal J0 General Journal Instructions PAGE 1 GENERAL JOURNAL CREDIT DEBIT POST. REF DATE ACCOUNT TITLE 1 Prepare the jourmal entry to record the related year-end adjusting entry on December 31. repare the journal entry to record the related year-end adjusting entry on December 31 General Joumal Instructions PAGE 12 GENERAL JOURNAL DATE CREDIT DEBIT ACCOUNT TITLE POST. REF Adjusting Entries 2