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TS Company paid 56,000 in dance for one year Insurance policy on September 1, 2020. The business makes adjusting entries once a year at year

TS Company paid 56,000 in dance for one year Insurance policy on September 1, 2020. The business makes adjusting entries once a year at year end. Which one would be the adjusting entry for the party December 31, 20207 Debt Credit 4.000 Accou NURANCE EXPENSE PREPAID INSURANCE EXPENSE 4000 Crede conut Tiles TINSURANCE EXPENSE CASH bet 6.000 000 Account De PREPAID INSURANCE EXTENSIO 6.000 17 ACTICE INSESANCE DE CH BO 3.000 TOURANGER PEPUISSANCE

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