D Question 3 Select the correct journal entry for the unused portion of the insurance policy. O DEBIT 1300 Prepaid Expenses and CREDIT 8290 Change in Prepaid Insurance for $875 O DEBIT 1300 Prepaid Expenses and CREDIT 8290 Change in Prepaid Insurance for $625 O DEBIT 1300 Prepaid Expenses and CREDIT 8290 Change in Prepaid Insurance for $125 O DEBIT 1300 Prepaid Expenses and CREDIT 8290 Change in Prepaid Insurance for $700 Question 4 What effect will the unused portion have on the Income Statement $-625.00 O $625.00 O $-875.00 O $875.00 1 pt- 1 p