Which one of the Entries below will be included in the Journal Entry to record the following transaction; Our Business paid $3,000 cash for Insurance for the next 3 months. Debit to Prepaid Insurance $3,000 Credit to Insurance Expense $3,000, Credit to Insurance Liability $3,000 Debit to Insurance Expense $3.000 Debit to Cash $3,000 The Basic Definition of "Closing" an Account is; To Reset the Balance to Zero To Delete the Account To Record the Account in the Trial Balance To Move the Balance to the Cash Account To Adjust the Account to its Correct Balance