QUESTION 4
The following insurance invoices were posted to the prepaid insurance
account on July 15, 2020:
Property		For the period 7/1/20 to 6/30/21				$ 156,000
General Liability		For the period 7/1/20 to 12/31/20				$ 48,000
Auto (New Policy)		For the period 8/1/20 to 7/31/21				$ 12,000
The balance in the prepaid insurance account on 6/30/20 was zero.
Write the journal entry that would be required to record insurance
expense for July 2020.
				Debit	Credit
(TO________________________)