1. Using the "January Prepaid Insurance" tab, make a new tab for February, and complete the reconciliation.
2. Make a Journal Entry Below for February prepaid insurance

A B C D E F G H G/L Date G/L Description DR CR Correct G/L, if applicable Reason for change 1/1/20 Travel Expense March 2020 Trip to NYC 5.000 1/1/20 Cash March 2020 Trip to NYC 5,000 1/2/20 Bank Fees Expense January Bank Charges 500 1/2/20 Cash January Bank Charges 500 1/3/20 Equipment Expense Computers (x20) 27,000 1/3/20 Cash Computers (x20) 27,000 1/4/20 Meal Expense McDonalds 15 1/4/20 Cash McDonalds 15 1/5/20 N/P Jan payment (principle & interest) 6,000 1/5/20 Cash Jan payment (principle & interest) 6,000 1/6/20 Insurance Expense Payment on Policy covering 1/1/20-12/21/20 99,000 1/6/20 Cash Payment on Policy covering 1/1/20-12/21/20 99,000 1/7/20 Interest Expense Jan 20 Interest 1,000 1/7/20 Cash Jan 20 Interest 1,000 1/8/20 Prepaid Expenses January Tax Prep 2,500 1/8/20 Cash January Tax Prep 2,500 1/9/20 Inventory Adjust for Inventory that was damaged 1.200 1/9/20 CGS- Scrap Adjust for Inventory that was damaged 1,200 1/10/20 Salary Expense Reclass Direct Labor Salary Expense to CGS 43,000 1/10/20 CGS - Direct Labor Reclass Direct Labor Salary Expense to CGS 43,000Invoices Received from Vendor X Month Amount Invoice # 5/31/19 $338,207.75 1125 6/30/19 $326,178.25 1289 7/31/19 $226,871.00 1347 8/31/19 $297,285.00 1443 9/30/19 $287,393.25 1592 Cirkul Payments to Vendor X Payment Date Amount 06/06/2019 75,000.00 06/07/2019 75,000.00 06/11/2019 75,000.00 06/17/2019 150,000.00 07/12/2019 82,020.25 07/25/2019 75,000.00 08/07/2019 75,000.00 09/1 1/2019 227,563.50 09/30/2019 287,389.25 10/10/2019 378,995.75A B C G/L Name Balance Per GL: 3/31/20 Raw Materials 1,703,987 Inventory in Transit 700,649 Finished Goods 398,032 Accessories 234,982 G/L Name Count & Unit Price 3/31/20 Raw Materials 1,223,732 Inventory in Transit $ 648,231 Finished Goods 219,847 Accessories 545,811