11 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em.. Emphasis Intense E. Paragraph Styles Question 05: Define Prepaid Expenses and pass the general for the advance payment of insurance in the month of January for 6 months, the total amount paid on January 01 is $60,000. (Define answer in 2 lines and Pass the general entry on January 01 to record the advance payment for insurance) ABC Company General Journal As on January 31 2019 Particulars Date Credit Debit