![](https://cos-cdn.shuashuati.com/pipixue-web/2020-1231-2005-12/ti_inject-812ce.png)
The business paid $2400 for 12 month of administrative insurance coverage on October 1, 2017. Required: record the adjusted entry on December 31,2017. Accounting title increase or decrease debit or credit administrative expense ( 1 ) ( 3 ) accounts prepayment ( 2 ) ( 4 )