1.) The Vine Tavern purchased a one-year hazard insurance policy on August 1 and recorded the $4,200 premium to prepaid insurance. At its December 31 year-end, which of the following adjusting entries would The Vine do to record Insurance Expense from August 1st to December 31st?

Insurance Expense 1750 Prepaid Insurance 1750 Prepaid Insurance 1750 Insurance Expense 1750 Insurance Expense 1750 Prepaid Insurance 2.450 Accounts Payable 4. 200 I Insurance Expense 2.450 Prepaid Insurance 2450 A ) Option A B ) Option B C ) Option D ) Option DA B Cash Flows from operations $15000 $100 000 SO Cash Flows from investing activities ($20 000 ) SO Cash Flows from financing activities + 85, 090 $100 000 Net increase in cash for the most current year +$100 000 + $100 000 + $100 000