Make a adjusting entry for part B

The February 31 balance of prepaid insurance expired during the first two weeks of March. Also, one-half month has passed since the new one-year policy, which started on March 15, went into effect. Don't forget to include the partial refund in your calculation. 15 Issued Cheque No. 76 to Terrace Insurance for $912 in payment of a one-year insurance policy (invoice \# TYZ-101). The new policy was in force (e.g., started) as of March 15