4) On March 31, 2015, the Turi Company purchased a two-year fire insurance policy. Turi recorded the purchase by debiting Prepaid Insurance and crediting Cash for $10,000. Which of the following adjusting entries should Turi prepare at the end of 2015?

Prepaid Insurance		3,750
	Insurance Expense			3,750

Prepaid Insurance		5,500
	Insurance Expense			5,500

Insurance Expense		5,000
	Prepaid Insurance			5,000

Insurance Expense		3,750
	Prepaid Insurance			3,750

5) On June 1, 2015, Little Corporation received $5,320 in advance for a two-year rental of some land and properly credited Unearned Rent. In the adjusting entry at December 31, 2015, there would be a

credit to Rent Revenue for $1,552

debit to Unearned Rent for $5,320

debit to Unearned Rent for $1,108

credit to Unearned Rent for $1,552

6) On August 1, 2015, Yellow Company paid $6,320 for a three-year insurance policy. On that date, an expense account was charged. In the adjusting entry on December 31, 2015, there would be a

credit to Prepaid Insurance for $527.

debit to Insurance Expense for $175.

credit to Insurance Expense for $5,442.

credit to Prepaid Insurance for $2,107.