Question 2 - Record for Blue Company the required adjusting journal entry on December 31, 2019 for the below. 24 marks a. On May 1, 2019, paid $3,600 for prepaid insurance covering two years. b. On Aug 1, 2019, collected $4,500 as advance from a customer for services to be provided over the next one year. c. The unadjusted balance of the Supplies account was $2,350. Supplies on hand on Dec 31, 2019 was $900