Secure I https://act Journalize and Post to Ledger Review Activity 5a-Journalizing and Posting Transactions Journalize the adjusting entry needed at December 31 for each situation. Use the Chart of Accounts to review account names A swo year insurance policy for $10,560 was purchased on November 1 of the curment year, Record the transaction for the year ended December 31 Date Acceunts and Explanation Credit Employees earned $1,600 in selaries shac will be pad nest mand Accounts and Explanation 1,600