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4 The following question relate to the Trial Balance excerpt shown below: Trial Balance as at March 31,XXXX, Prepaid Insurance Supplies Unearned Revenue Debit Credit
4 The following question relate to the Trial Balance excerpt shown below: Trial Balance as at March 31,XXXX, Prepaid Insurance Supplies Unearned Revenue Debit Credit 1,200 2,800 9.300 If a one year insurance policy of $1,200 was purchased on March 1.XXXX, prepare the adjusting journal entry as at March 31, XXXX Debit Insurance (Note 1) Account $100 Credit Prepaid Insurance Account $100 (To record insurance for the month of March) 1 pts
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