3-. Insurance of $3,600 was paid on June 1, 2019 for eighteen months. The journal entry recorded for payment of insurance on June 1, 2019 was:

4- Based on the information on Question 3 above, the adjusting entry required on Aug 31st, 2019 will be:Debit insurance expense $600, credit prepaid insurance $600Debit prepaid insurance $3,600, credit cash $3,600Debit prepaid insurance expense $900, credit cash $900Debit insurance expense $1,800, credit prepaid insurance $1,800