Question: Help with the adjusting entry on transaction D please. thank you D February 12: Pane purchased a one year insurance policy on account with coverage

Help with the adjusting entry on transaction D please. thank you

D February 12: Pane purchased a one year insurance policy on account with coverage beginning on March 1. Insurance Policy $20,000 Recognize the expiration of the prepaid insurance policy, purchased in transaction D. Recognize the interest earned on the note receivable issued in transaction K

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