2 Caesar & Co. paid $1,000 cash for a two-year insurance policy. What will be the Journal entry for the transaction? O debit to Insurance Expense and a credit to Retained Earnings. O debit to Insurance Expense and credit to Cash. O debit to Prepaid Insurance and a credit to Cash. O debit to Insurance Expense and a credit to Accounts Payable. 1 pts Question 2 1 pts Caesar & Co. paid $1,000 cash for a two-year insurance policy. What will be the Journal entry for the transaction? O debit to Insurance Expense and a credit to Retained Earnings. O debit to Insurance Expense and credit to Cash. Odebit to Prepaid Insurance and a credit to Cash. O debit to Insurance Expense and a credit to Accounts Payable