The prepaid insurance account showed adjusted balances of $$6,000$ on January $1,20$x$2.$ Following

the adjusting entry on December $31,20$x$2$ it had an ending balance of $$12,000..$ Insurance

premiums paid during $202$ totaled $$10,000.$ The bookkeeper debited prepaid insurance for the

payments.

Prepare the adjusting entry that the company made on December $31,20$x$2.$ SHOW YOUR WORK