Clayton Traders paid their annual Insurance premium of $12,000 on 1 April 2019. Clayton Traders used the asset method when recording the insurance payment. Select each of the parts of the journal entry as at 31 December 2019 if no prior balance day adjustment entry has been recorded: Select one or more: a. Cr Prepaid Insurance $9,000 b. Dr Prepaid Insurance $9,000 c. Dr Insurance expense $3,000 d. Cr Insurance expense $3,000 e. Cr Insurance expense $9,000 1. Cr Prepaid Insurance $3,000 8. Dr Prepaid Insurance $3,000 h. Dr Insurance expense 59,000 Cautfield Traders commenced December with $5,000 packing supplies on hand. During December it purchased packing supplies for $20,000. Packing suppties on hand at 31 December 2019 were $9,000. As Caulfield Traders adopts the expense method for recording packing supplies, select each of the parts of journal entry: d 00 Select one or more: a. Cr Supplies Expense $21,000 b. Dr Supplies on Hand $12,000 c. Dr Supplies on Hand $21,000 d. Dr Supplies on Hand $4,000 e. Dr Supplies Expense $21,000 1. Cr Supplies Expense $12,000 8. Cr Supplies on Hand $21,000 h. Cr Supplies Expense $4,000