The information shown below relates to Dalgleish Corporation. At December 31, 2019 the Dalgleish general ledger shows the following balances:

Prepaid lease $7,000 Debit

Prepaid insurance $1,200 Debit

Unearned revenue $84,000 Credit

In addition, the following information is available:

1. The entire amount shown as prepaid lease has expired.

2. One-third of the amount shown as prepaid insurance has expired.

3. Half of the amount shown as unearned revenue has now been earned.

Instructions

All adjusting entries that are required at December 31, 2019