Current Attempt in Progress

$\frac{3\mathrm{.}33}{10}$

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 annully. Complete the following for Martinez $C_0.$

$\{$a$\}$

Your answer is correct.

Prepare the March $1,2024,$ journal entry for the purchase of the insurance. $($Credit account tittes are automatically indented when amo wint is entered. Do not indient manurally. If no entry is required, select $"$No Entry" for the account tites and enter of for the amounts. List debit entry before credit entry.$)$

Date Account Titles and Explanation

Debit

Credit

Mar. $1$

Prepaid Irisurarice