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when the handwriting is not good.i can not really see so please write it neatly. Jo prepaid for next 12 months insurance expenses at Oct.

when the handwriting is not good.i can not really see so please write it neatly.

Jo prepaid for next 12 months insurance expenses at Oct. 1^st, 2020, which cost her 2400 USD. Please prepare journal entries for Jo at the following dates (1) Oct. 1^st, 2020; (2) Dec. 31^st 2020. Which journal entry you made is so called adjusting entry and why? What are the unique characteristics of an adjusting entry?

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