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On October 1 of Year 1 Lesikar Company pald $1,200 cash for an insurance policy that would provde protection for a one year term. Which

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On October 1 of Year 1 Lesikar Company pald $1,200 cash for an insurance policy that would provde protection for a one year term. Which of the following adjusting entries w Year 1 to recognize Insurance expense? ould be require on December 31, Insurance Expense 30 Prepaid Insurance Prepald Insurance insurance Expense 90 Prepaid Insurance nsurance Expense e Expense 90 Prepald insurance

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