On 18 May KPMG Ltd paid $4125 cash for a 12-month fire insurance policy including 10% GST. Which of the following is the general journal entry to record the transaction? Select one: DR Prepaid insurance $3750; DR GST payable $375; CR Cash $4125. DR Insurance expense $3750; DR GST payable $375; CR Prepaid insurance $4125. DR Prepaid insurance $3750; DR GST receivable $375; CR Cash $4125. DR Cash $4125, CR Prepaid Insurance $4125.