Prepare a General Journal entry in proper format for the following transaction, or event, or adjustment. Feb 4 Prepaid the insurance policy for two years, effective February 1st of this year, total paid, $2400. Put the abbreviation Dr in front of any account debited and Cr in front of any account credited. Each Debit and each Credit should be on a separate line in the journal entry.

Prepare a General Journal entry in proper format for the following transaction, or event, or adjustment. Feb 4 Prepaid the insurance policy for two years, effective February 1st of this year, total paid, $2400. Put the abbreviation Dr in front of any account debited and Cr in front of any account credited. Each Debit and each Credit should be on a separate line in the journal entry