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Please provide the adjusting entries and the calculation artnor 5. The Prepaid Insurance account has a debit balance of $3444. It consists of the following

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Please provide the adjusting entries and the calculation

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artnor 5. The Prepaid Insurance account has a debit balance of $3444. It consists of the following policies purchased during the financial year ending 30 June 2019. Policy number GTX 9847 Date of policy 1 August 2018 Life of policy Premium paid KLM 9043 1 year $ 876 PAR 2178 1 December 2018 2 years 2016 1 March 2019 6 months 552 6. A physical count of office supplies on hand at 30 June gives a total of $890. The Office Supplies account has a debit balance of $2920. 7. Included in the Prepaid Advertising account balance of $8400 is the amount of $1650 paid to the local newspaper for advertising space in their July 2019 papers. The remainder of the balance is used up by 30 June 2019. Bros 8. At the end of the year, the business had an outstanding long-term loan of $40 000 from one of Miranda's friends. Interest of 8% p.a. is payable half-yearly on this loan, every 1 April and 1 October. The last interest payment made by the business was on 1 April 2019. 9. The Motor Mechanic Services Revenue account has a credit balance of $123 600. Included in this amount is $3280 for services to be provided in July 2019. 10. Accrued council rates at 30 June 2019 were $4200

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