Required information Exercise 5-19 (Algo) Prepaid expenses-insurance LO 10 [The following information applies to the questions displayed below] A company makes the payment of a one-year insurance premium of $3,840 on March 1, 2019. Exercise 5-19 (Algo) Part a (1) a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with - for decreases.) Cash Assets Interest receivable Interest revenue Note receivable Prepaid insurance Balance Sheet Liabilities Stockholders' Equity Net Income - for decreases.) uity Net Income Revenues Income Statement Expenses