You are the bookkeeper for XYZCO, and are completing the quarterly adjusting entries on March 31, 2024. On January 1, rent was paid in advance for six months at \$250 per month. The total paid ($1,500) was debited to Rent Prepaid. - A one-year insurance policy was purchased on January 2,$1,800, and was charged to Insurance Prepaid. No monthly adjustments have been recorded. - On January 1, advertising costs were prepaid for six months, $360