Concord Supplies Inc. purchased a 12-month insurance policy on March 1, 2018 for $9000. At March 31, 2018, the adjusting journal entry to record expiration of this asset will include a debit to Prepaid Insurance and a credit to Cash for $9000. debit to Prepaid Insurance and a credit to Insurance Expense for $1000. debit to Insurance Expense and a credit to Prepaid Insurance for $750. d d debit to Insurance Expense and a credit to Cash for $750