Husker Du Supplies Inc. purchased a 12-month insurance policy on March 1, 2012 for $1,200. At March 31, 2012, the adjusting journal entry to record expiration of this asset will include a debit to Prepaid Insurance and a credit to Insurance Expense for $133. debit to Insurance Expense and a credit to Prepaid Insurance for $100. debit to Insurance Expense and a credit to Cash for $100. debit to Prepaid Insurance and a credit to Cash for $1,200