Sheridan Co. wishes to enter receipts and payments in such a manner that adjustments at the end of the period will not require reversing entries at the beginning of the next period. Record the following transactions in the indicated manner and give the adjusting entry on December 31, 2020. (Two entries for each part.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually) 1. An insurance policy for two years was acquired on April 1, 2020 for $23.200. 2. Rent of $13,800 for six months for a portion of the building was received on November 1, 2020. Nos. Date Account Titles and Explanation 2. Apr. 1 Prepaid Insurance Nov. 1 Cash Y Cash Unearned Rent Revenue 2. Dec. 31 Rent Expense Debit Credit 23200 13800 9200 23 13