Question 5 4 pts Adjusting entry: At the end of the financial year (June 30, 2020), Count-On-Us Pty Ltd had used up a 12 month insurance policy originally recorded as an asset. The insurance policy cost $7,000 on July 1, 2019. Instructions: Record the adjusting entry for the year ending 30 June 2020 for Count On Us Pty Ltd by selecting the correct accounts and amounts that are debited and credited. (4 marks) General Journal June 30. [ Select] $7,000 A $7,000 [ Select]