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Would help if included cell references thanks On July 1, Lopez Company paid $1,500 for six months of insurance coverage. No adjustments have been made

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On July 1, Lopez Company paid $1,500 for six months of insurance coverage. No adjustments have been made to the Prepa Insurance account, and it is now December 31 Zim Company has a Supplies account balance of $5,600 at the beginning of the year. During the year, it purchases $2,300 supplies. As of December 31, a physical count of supplies shows $950 of supplies available. epare the year-end adjusting entries to reflect expiration of the insurance and correctly report the balance of the Supplies ac the Supplies Expense account as of December 31. *** View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 a. 1,500 Insurance expense Prepaid insurance 1,500 N b. Supplies Supplies expense

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