Wucb 4 UI , Question Part Score 0.69/0,75 (b) Calculate the amount of insurance that expired during 2021 and the unexpired cost at December 31. $ Expired in 2021 Unexpired cost at December 31, 2021 $ eTextbook and Media List of Accounts Safor Later Attempts: 0 of 15 used Submit Answer Question 4 of 7 0.69/3 View Policies Show Attempt History Current Attempt in Progress On June 1, 2021, Karen Ltd. pays $4,560 to Spruce Insurance Corp. for a one-year insurance policy. Both companies have fiscal years ending December 31 and adjust their accounts annually. (a) Your Answer Correct Answer (Used) Your answer is partially correct. Record the June 1 transaction on the books of (1) Karen and (2) Spruce (List all debit entries before credit entries. Credit account titles are automatically intended when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) (1) Karen Ltd. Account Titles and Explanation June 1 Prepaid Insurance Date Debit Credit 4560 Cash 4960