Question 1 (15 Marks) The following are the different transactions for the year ended 31 December 20X1. a. $3,000 paid for insurance on October 1 for a one-year period (October 1 - September 30). This transaction was recorded as a debit to prepaid insurance (S3,000) and a credit to cash ($3,000). b. Interest on bonds payable in the amount of $500 has not been recorded at December 31. c. Rent expense in the amount of $1,200 was paid on November 1. This transaction was recorded as a debit to rent expense ($1,200) and a credit to cash ($1,200). This rent payment was for the period November 1 to January 31. Required: Journalise the above trai actions