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Transaction: Use the information below (about an adjusting transaction) to fill in the missing information on this framework. b) On January 1st, Wayne Enterprises purchased

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Transaction: Use the information below (about an adjusting transaction) to fill in the missing information on this framework. b) On January 1st, Wayne Enterprises purchased a 6-month insurance policy for the company car for $3,000. (This transaction was already recorded at the time). On January 31st, the company must complete the adjusting process to record the expiration of insurance. Balance Sheet Cash Common Stock Jan 31 Balance *b* 10,000 [A] Prepaid Insurance 3,000 [B] Supplies 1,000 [C] Notes Payable 5,000 [D] 5,000 [F] Retained Earnings 4,000 [G] Cash Flows Income Statement *b* [H] [1] *b* [J] [K] If a spot does not need to be filled, type "leave blank" as your

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