Question 5 of 25 View Policies Current Attempt in Progress > Concord Supplies Inc. purchased a 12-month insurance policy on March 1, 2000 for $5040. At March 31, 2020, the adjusting entry to record expiration of this set will include a debit to Insurance Expense and a credit to Prepaid Insurance for $420 debit to insurance Expense and a credit to Cash for $420 debit to Prepaid Insurance and a credit to Cash for $5040 debit to Prepaid Insurance and a credit to insurance Expense for $560 Save for Late Question List Question 1 10/1 Question 2 Question's 11/1 Question 4 1/1 Artempts 0 of 1 used SA Viewing Questions Question & Question 7 Qumtion Question Question 10