On August 1, 2019, a firm purchased a 1-year insurance policy for $6,900 and paid the full premium in advance. The insurance expense associated with this policy for the year ending December 31, 2019, is Multiple Choice $2,300 $4,025 $6,900 $2,875 On April 1, 2019, a firm accepted a 6-month, 10 percent note for $2,400 from a customer with an overdue balance. The accrued interest recorded for this note for the year ended June 30, 2019, is Multiple Choice $60 o$240 $80 $200. On September 1, 2019, a firm accepted a 6-month, 6% note for $40,000 from a customer with an overdue account balance. The accrued interest recorded for this note on December 31, 2019, is Multiple Choice No accrual is necessary $2,400.00 $200.00 $800.00 If an account has a debit balance of $830 in the Trial Balance section of a worksheet and there is a debit of $460 in the Adjustments section, the account balance in the Adjusted Trial Balance section of the worksheet is a Multiple Choice $370 credit $1,290 debit $370 debit $1,290 credit