Question: What is the appropriate adjusting entry on March 31st for the insurance that was purchased on January 29th for $1.250 and covers the period February

What is the appropriate adjusting entry on March 31st for the

What is the appropriate adjusting entry on March 31st for the insurance that was purchased on January 29th for $1.250 and covers the period February 1st - June 30th? DR CR

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