The prepaid insurance account had a beginning balance of $7,840 and was debited for $820 for premiums paid during the year. Required: Journalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is $5,670. Refer to the Chart of Accounts for exact wording of account titles.

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity