Prepare journal entries for Iron City's general fund for the following, including any adjusting and closing entries on December 31, 20X1 (the end of the fiscal year): Required: a. Acquired a three-year fire insurance policy for $5,400 on September 1, 20X1. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction fist Journal entry worksheet Record the acquisition of supplies in 20x1. Note: Enter debits before credits. General Journal Debit Credit Date November 04 Record entry Clear entry View general Journal