Question 9 On March 1, 2021, Sunland Company paid $4,560 to Big North Insurance for a one-year insurance policy. Sunland Company has a December 31 fiscal year end and adjusts accounts annually. Complete the following for Sunland Company. Prepare the March 1, 2021, journal entry for the purchase of the insurance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Mar. 1 SHOW LIST OF ACCOUNTS Calculate the amount of insurance that expired during 2021 and the unexpired cost at December 31, 2021. Amount expired in 2021 Amount unexpired at December 31, 2021 SHOW LIST OF ACCOUNTS Prepare the adjusting entry required at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 SHOW LIST OF ACCOUNTS Question Attempts: 0 of 1 used