At December 31, the unadjusted twal balahce of RKR Tadks teportc Frepald insurance of $7 , 440 and Insurarce Expense of $0 . The insuranco was purchased on July 1 and provides coverage for 24 menths Required: 1. Prepare the adjusting joumal entry on Deceerber 3t. 2. Poct the bogining balances and acjusting entriec to the following faccounts. Cormplete this questson by entering yorm answers in the tabs lhelow. Prope the adyating foumat Journal entry worksheet At December 3 t the unadjusted tral balance of H\&R Tocks reports Equipment of $30.500 and rero balances in Accumulated Deprectation and Depreciaton Expense. Depreclation for the perfod is estimated to be $6 , 00. Reoulred: 1. Prepare the adjusting joumal entry on December 31. 2. Post the beginning bajances and adjusting entrnes to the following T-accounts: Complete this question by entering vour answers in the tabs below. Post the begitning balances and adjusting ensfer to the folowng T-accounta