nment 5 K Consider each of the following independent cases (Click the icon to view the independent cases.) Requirement Question 3, P3-50A (similar to) Part 1 of 6 HW Score: 71.76%, 7.18 of 10 points Points: 0,18 of 3- Save 1. Journalize the adjusting entry needed on December 31, the end of the current accounting period, for each of the independent cases affecting Tiger Corporation. Include an explanation for each entry a. Details of the Prepaid Insurance account reveal a January 1 (beginning of the year) debit balance of $2,100 and a debit to the account on March 31 for $3,800 to record the payment of an annual insurance premium. At December 31, $500 is still prepaid. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Journal Entry Date Accounts and Explanation Dec 31 Debit Credit