Transactions are adjusting entries which you are required to enter as manual journal entries

$30/4/2024$ Record the insurance expense for the month of April $2024.$

refering to this $12/04/2024$ Purchased a $12-$month insurance policy for the business from Neon Insurance

for $$4,800$ for the period $1$ April $2024$ to $31$ March $2025.$ The insurance

company issued an invoice with credit terms of $30$ days from the date of the

invoice. The reference number is $9725.($Hint: From the business menu use the

bills to pay function to enter this transaction as a new bill. Ensure you

approve it$).$