4. On January 1, 2019, Paid $1,800 cash for a one-year insurance policy on the...
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4. On January 1, 2019, Paid $1,800 cash for a one-year insurance policy on the furniture and equipment. What will be the journal entries? (1 Point) Insurance Expense Dr. $150 and Prepaid Insurance Cr. $150 Prepaid Insurance Dr. $1,800 and Cash Cr. $1,800 Prepaid Insurance Cr. $1,800 and Cash Dr. $1,800 Insurance Expense Cr. $150 and Prepaid Insurance Dr. $150
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