Rent for the year was prepaid on January 1 in the amount of $10,560. Record the transaction for December's rent that has expired. Insurance for the next six months was paid on November 1st in the amount of $1,170. Record the journal entry for the two months of insurance expired at year-end. Depreciation for the current year includes Equipment, $4,360. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $7,200. A two-year insurance policy for $2,640 was purchased on November 1 of the current year. Record the transaction for the two months ended December 31. Adjustment Type: The unadjusted balance of Office Supplies at Dec. 31 is $10,700 and at year end the office supplies on hand totaled $3,630