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What is the adjusting entry

-Jasper has a fiscal year ending on March 31, 2019

Jaspee maintains a liability insurance. The prepaid annual premium is 120,000. The policy was purchased on October 1, 2018. Another policy is a 6-month property and casualty policy, and it was obtained on December 1, 2018 at a cost of 60,000. Both policies were initially recorded as prepaid insurance​