Problem 3-1A Preparing adjusting entries (monthly)-prepaid expenses LO4 1 Willow Window Washing Services prepares adjustments monthly and shows the following selected accounts on its December 31. 2020, unadjusted trial balance: Account Debit Credit Prepaid insurance $3,630 21,500 Prepaid office rent Prepaid subscriptions 1,270 Prepaid equipment rental 25,480 Required: Prepare the required monthly adjusting entries at December 31, 2020, based on the following additional information: a. The remaining balance in Prepaid Insurance was for a six-month insurance policy purchased for $7.260 and in effect on September 1, 2020, b. $4,900 of the balance in Prepaid Office Rent had not been used as at December 31, 2020. c. $1,110 of the balance in Prepaid Subscriptions had been used as at December 31, 2020, d. The company paid $32.760 on April 1, 2020, to rent equipment for a three-year period beginning April 1, 2020. Book ASKI Print bok sk int View transaction list Journal entry worksheet