question mode multiple select question select all that apply a 12-month insurance policy was purchased on dec. 1 for $4,800 and the prepaid insurance account was initially increased for the payment. the required adjusting journal entry on december 31 includes a: (check all that apply.) multiple select question. credit to prepaid insurance for $400. debit to insurance expense for $4,800. debit to prepaid insurance for $400. debit to insurance expense for $400. credit to insurance expense for $400.