Chapter 3 Pre-work exercises in WileyPlus Question 3 of 10 0.75//9vdotsquadvdots Show Attempt History Current Attempt in Progress On March 1, 2024, Martinez Co. paid $4,920 to Sage Hill Insurance for a one-year insurance policy. Martinez Co. has a December 31 fiscal year end and adjusts accounts annually. Complete the following for Martinez Co. (a) Your answer is partially correct. Prepare the March 1, 2024, journal entry for the purchase of the insurance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.) Date Account Titles and Explanation Mar. 1 Debit Credit