med: Unit Test 1 Chapters 1-4 Tummy Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2021, and charged the $4,200 premium to Prepaid insurance. At its December 31, 2021, year-end, Tummy Foods would record which of the following adjusting entries? Multiple Choice Insurance expense Prepaid insurance 875 875 Prepaid insurance Insurance expense Insurance expense Prepaid insurance Insurance payable 875 875 875 3,325 4,200 Prepaid insurance 3,325 Insurance expense 3,325 Nevt Multiple Choice Insurance expense Prepaid insurance 875 Prepaid insurance Insurance expense Insurance expense Prepaid insurance Insurance payable 875 875 875 875 3,325 4,200 O Prepaid insurance 3,325 Insurance expense 3,325