(Answered) The insurance policy covers the period january 1 2015

Accounting

The insurance policy covers the period January 1, 2015 through December 31, 2015. The total 2015 insurance policy premium of $12,000 was paid in March. The expense was accrued in January and February. Create the March 31ST journal entry using the following accounts: Cash, Prepaid Insurance, Accrued Insurance, Insurance Expense.

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