The following is a partial unadjusted Trial Balance.

Bravo Unlimited

Unadjusted Trial Balance (partial)

1/31/16

Accounts

Debit

Credit

Cash

$32,527

 

Prepaid Insurance

1,800

 

Insurance Expense

0 

 

The beginning balance in the Prepaid Insurance account on January 1, 2016 was $600 and represented five months of the building liability insurance. On, January 2, 2016, Bravo Unlimited purchased a 12 month motor vehicle insurance policy. Use this information to prepare the General Journal entry (without explanation) for the required end of the month adjustment. If no entry is required then write "No Entry Required."