34 Hard Supplies Inc. purchased a 12-month insurance policy on March 1, 2010 for $900. At March 31, 2010, the adjusting journal entry to record expiration of this asset will include a 1000 a .b debit to Prepaid Insurance and a credit to Cash for $900, debit to Insurance Expense and a credit to cash for $75. debit to Insurance Expense and a credit to Prepaid Insurance for $75 debit to Prepaid insurance and a credit to Insurance Expense for $100 co do