Debit Credit Cash $10.920 Accounts Receivable 9,620 Supplies 1,300 Prepaid Insurance 3,120 Equipment 26,000 Accumulated Depreciation: Equipment $ 10,400 Unearned Service Revenue 6,500 Capital Stock 5,200 Retained Earnings 23,400 Dividends 1,560 Service Revenue Earned 16,510 Salaries Expense 7,800 Utilities Expense 390 Rent Expense 1.300 $62,010 $62,010 Refer to the information above. On March 1, Hoffman paid in advance for four months' insurance. The necessary adjusting entry at March 31 includes which of the following? A credit to Prepaid Insurance for $2,340. A debit to Prepaid Insurance for $780. A debit to Prepaid Insurance for $2,340. A credit to Prepaid Insurance for $780