QUESTION 1 The Prepaid Insurance account shows a debit balance of $3,600, representing the cost of a three-year fire insurance policy that was purchased on October 1 of the current year The adjusting entry to as of December 31 would include a debit to Insurance Expense in the amount of ? 300 QUESTION 2 On November 1 of the current year, Unearned Rent was credited for $4,500. This amount represented the rent received from the tenant for the three-month period beginning November 1 The adjusting entry to as of December 31 would include a debit to Unearned Rent in the amount of? QUESTION 3 On September 15, Sports World borrowed $50,000 cash from First Bank on a 12%, 120-day note payable. The general journal entry to record the issuance of the note payable would require a debit to what general ledger account?