Question: On March 1 , 2 0 2 4 , Indigo Co . paid $ 3 , 7 2 0 to Shamrock Insurance for a one

On March 1,2024, Indigo Co. paid $3,720 to Shamrock Insurance for a one-year insurance policy. Indigo Co. has a December 31 fiscal year end and adjusts accounts annually. Complete the following for Indigo Co.
Prepare the March 1,2024, journal entry for the purchase of the insurance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.)
\table[[Date,Account Titles and Explanation,Debit,Credit],[Mar.1,,,]]
Calculate the amount of insurance that expired during 2024 and the unexpired cost at December 31,2024.
Amount expired in 2024
$
 On March 1,2024, Indigo Co. paid $3,720 to Shamrock Insurance for

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