4-4 . For each of the events below, select the appropriate adjusting journal entry that would be recorded at the end of the year (December The Farmers purchased a one-year insurance policy on June 1 for $1800. No prepaid expenses existed at the beginning of the year. a. Prepaid Expenses $ 1,050.00 Change in Prepaid Insura $ 1,050.00 b. Prepaid Expenses $ 750.00 Change in Prepaid Insura $ 750.00 C. Change in Prepaid In $ 1,050.00 Prepaid Expenses $ 1,051.00 d. Change in Prepaid In $ 750.00 Prepaid Expenses $ 750.00 The Farmers spent $3,000 for the costs of growing a perennial crop and recorded these costs as expenses. The crop is not harvested during the same year that it was grown. No a. No adjusting entry is necessary under the accrual-adjusted approach. b. Change in Investmer $ 3,000.00 Cash Investment in Grow $ 3,000.00 c. Cash Investment in C$ 3,000.00 Change in Investment in $ 3,000.00 investment in armurinn erone avieted in the