please, help with this

1. A firm purchased a four-year insurance policy for $8,640 on July 1,201. The $8,640 was debited to the Prepaid Insurance account. 2. On December 1, 20X1, a firm signed a contract with a local radio station for advertising that will extend over a three-year period. The firm paid $42.480 in advance and debited the amount to Prepaid Advertising. Prepare end-of-month adjusting entries for each of the above situations. 1. A firm purchased a four-year insurance policy for $8,640 on July 1, 20X1. The $8,640 was debited to the Prepaid Insurance account. 2. On December 1, 20X1, a firm signed a contract with a loal radio station for advertising that will extend over a three-year period. The firm paid $42,480 in advance and debited the amount to Prepaid Advertising. Prepare end-of-month adjusting entries for each of the above situations. Journal entry worksheet Prepare the adjusting entry for advertising. Note: Enter debits before credits