View Policies Current Attempt in Progress When the accounts of Novak Inc. are examined, the adjusting data listed below are uncovered on December 31, the end of an annual fiscal period 1. 2. The prepaid insurance account shows a debit of $ 3.744 representing the cost of a 2-year fire insurance policy dated August 1 of the current year On November 1, Rent Revenue was credited for $ 1,806, representing revenue from a subrental for a 3-month period beginning on that date Purchase of advertising supplies for 5 799 during the year was recorded in the Advertising Expense account. On December 31. advertising supplies of $ 311 are on hand Interest of $ 730 has accrued on notes payable. The interest will be paid in January of the next year. 3. 4. Prepare the following in general journal form. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) {a) The adjusting entry for each item. No. Account Titles and Explanation Debit Credit 1 N. 3. Question 4 of 7 - / 1.5 III (b) The reversing entry for each item where appropriate No. Account Titles and Explanation Debit Credit 1 2 3 4 e Textbook and Media List of Accounts OF Attempts of used Swer