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Tummy Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2021, and charged the $4,200 premium to Prepaid insurance. At

Tummy Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2021, and charged the $4,200 premium to Prepaid insurance. At its December 31, 2021, year end. Tummy Foods would record which of the following adjusting entries? Mutiple Choice Insurance expence Frepaid insurance 675 875 Prepaid insurance 875 835 Thaurance expense Prepaid insurance Insurance payable 875] 3,325 4,200 Prepaid insurance 3,325 Insurance expense 3,335

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