40 Davis Company uses accrual accounting, On March 1, 2022, Davis Company's new accountant prepares the following journal entry to record a cash payment for a new insurance policy Insurance Expense 100,000 Cash 100,000 a. The entry complies with the periodicity assumption. b. The accountant's entry violates the expense recognition principle. c. The accountant's entry complies with the expense recognition principle. d. More information is needed to answer this