View Policies Current Attempt in Progress On March 1, 2021, Sandhill Co. paid $3,480 to Big North Insurance for a one-year insurance policy. Sandhill Co. has a December 31 fiscal year end and adjusts accounts annually. Complete the following for Sandhill Co.. Prepare the March 1, 2021, journal entry for the purchase of the insurance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 1