2)TS company paid $6,000 in advance for one year insurance policy on September 1,2020. The business makes adjusting entries once a year at year-end. Which one would be the adjusting entry for this insurance policy on December 31,2020? Account Title Prepaid Insurance Expense Cash Debit Credit 6,000 6,000 Account Title Debit Credit Insurance Expense 2,000 Cash 2,000 Account Title Debit Credit Insurance Expense 2,000 Prepaid Insurance Expense 2,000 Account Title Insurance Expense Prepaid Insurance Expense Account Title Insurance Expense Cash Debit Credit 4,000 4,000 Debit Credit 6,000 6,000