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Read the description of following adjustments that are required at the end of the accounting period for Benton Tutoring. Determine the account and amount to be debited and the account and amount to be credited. A Prepaid Insurance for one year on January 1, 20X1. In the amount of $9,600. Record the adjustment on January 31, 20X1 B. Purchased supplies for $3,550 on January 1, 20X1. The inventory of supplies was $1,640 on January 31, 20X1. Record the adjustment for the amount of the supplies that were used during the month of January 20X1. C. Depreciation is computed using the straight-line method. An automobile purchased on January 1, 20X1. for $50,400 has an estimated useful life of 12 years with no salvage value. Record the adjustment on January 31, 20X1. D. Signed a 24-month contract for $3,960 of prepaid advertising on January 1, 20X1. Record the adjustment for the amount of the advertising contract that expired during the month of January 20X1. Journal entry worksheet 1 2 3 4 Prepaid insurance for one year on January 1, 20X1, in the amount of $9,600. Record the adjustment on January 31, 20X1. Note: Enter debits before credits. Debit Credit General Journal Transaction Saved stimated useful life of 12 years with no salvage value. Record the adjustment igned a 24-month contract for $3,960 of prepaid advertising on January 1, 202 dvertising contract that expired during the month of January 20X1. View transaction list Journal entry worksheet 1 2 3 Purchased supplies for $3,550 on January 1, 20X1. The inventory of supplies was $1,640 on January 31, 20X1. Record the adjustment for the amount of the supplies that were used during the month of January 20X1. Vote: Enter debits before credits. Transaction General Journal Debit Credit B Record entry Clear entry View general journa Journal entry worksheet

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