Credit to interest Expense for $1,400 Debit to Interest Payable for $1,283 Credit to interest Payable for $1.293 35. On June 1, 20X1, Madicare Company paid $3.600 for an insurance policy on some equipment that will be in effect for the 12 months from June 1, 2001 through May 31, 2002. Malicare recorded this cyment on June 1 by debiting Insurance Expense. On September 1, 20x1, Mascare paid an addicional $4,800 for an insurance policy on a building that will be in effect for the 12 months from September 1, 20x1 through August 31, 2002. Mater recorded this payment on September 1 by debiting Prepaid insurance. On December 31, 20x1, Mascare makes one summary adjusting entry to make sure that the amount of insurance Expense for 2001 and the Prepaid Insurance amount as of December 31, 20XT are both correct. The necessary summary adjusting entry includes a O Debit to Insurance Expense of $1,500 Debit to Insurance Expense of $100 Debit to Insurance Expense of $2,100 Debit to Insurance Expense of $1,600 SUBMIT ALL ANSWERS MacBook Air 6 O VER 2# 4 5 ** 47 611 L 9 O