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The trial balance for Kingbird, Inc. appears as follows: Kingbird, Inc. Trial Balance December 31, 2022 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation

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The trial balance for Kingbird, Inc. appears as follows: Kingbird, Inc. Trial Balance December 31, 2022 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $310 543 85 187 4160 $620 399 1250 1460 3116 1040 520 $6845 $6845 If, on December 31, 2022, the insurance still unexpired amounted to $21, the adjusting entry would contain a: debit to Prepaid Insurance for $21. debit to Prepaid Insurance for $64. O credit to Prepaid Insurance for $21. debit to Insurance Expense for $64

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