Required information Exercise 5-21 (Algo) Prepaid expenses-insurance LO 5-10 [The following information applies to the questions displayed below.] A company makes the payment of a one-year insurance premium of $4,080 on April 1, 2022. Exercise 5-21 (Algo) Part a (2) -2. Prepare the journal entry to record the above transaction. vote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the payment of a one-year insurance premium. Note: Enter debits before credits