Saved Help Save & Exit Submit Required information The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,360 on March 1, 2019 a-2. Prepare the journal entry to record the above transaction. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the payment of a one-year insurance premium. Note: Enter debits before credits. Date General Journal Debit Credit Mar 01 H A Saved Help Save & Exit Submit Required information [The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,360 on March 1, 2019. e. Prepaid expenses reflects as an asset for more meaningful net income amount True or False True False