Question 3 10 pts A company paid $9,000 for a 12 month insurance policy on February 1. The policy coverage began February 1. On February 28, $750 of the insurance expense must be recorded. True False 10 pts D Question 4 The accrual basis of accounting reflects the principle that revenue is recorded when it is earned, not when the cash is received True False 10 pts Question 5 all TO4 D F3 4 FS 9 8 7 6 3 4 2 U Y E RC