Prepaid Insurance account began the year with a balance of $230. During the year, insurance in the amount of $570 was purchased. At the end of the year Dec 31st, 2009 the amount of insurance still unexpired was $350. Prepare the year end adjusting entry: Chart of Account Asset Cash Accounts Receivable Prepaid Insurance Supplies Equipment Liability Accounts Payable Notes Payable Unearned Revenue Owner's Equity Common Stock Retained Earning Dividend Revenue Service Revenue Rent Revenue Expense Rent Expense Salary Expense Insurance Expense Supplies Expense