Task 1: Your Reasons for Making a Will Describe your personal reasons for making a will. Type your response here: Task 2: Components of Your Will Describe the components of your will and how you will specify each one. Task 3: Your Financial Plan and Your Will Imagine you’ve lived a full life and achieve your financial goals. Describe how you will handle the distribution of your assets in your will. Type your response here:

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.