on 3.1 Emily Inc. paid a 12 month insurance policy up front for $1,200. The policy is effective 3.1.12 through 2.28.13.

1-March
	BOX A Which Option - Prepaid Insurance, Investments, Cash, Stock, Patent, Accounts Receivable,Sales Revenue, Accounts Payable, Common Stock, Insurance Expense		$1,200
		BOX B Which Option -Prepaid Insurance, Investments, Cash, Stock, Patent, Accounts Receivable, Sales Revenue, Accounts Payable,Common Stock, Insurance Expense		$1,200