Question 46 1.66667 points On November 1, 2016. UAB Enterprises paid 51.200 in advance for an insurance policy that covered the company for sx months. Assuming that UA Enterprises recorded this purchase as an asset the iting entry required on December 31, 2016 would include a credit to insurance Expense for $1.200 a credit to read ingurance for $400. a debt to Prepaid insurance for $400 a detto insurance Expense for $1.200 Moving to another question will save this response Question 46 of 60