7. On Oct. 4th, Yazici Advertising paid 3000$ for a two-years fire insurance policy, beginning October 1. the entry to record the adjusting entry in 31 December is: (1.5 Points) debit prepaid insurance (1500$) and credit cash (1500$) debit insurance expense (375$) and credit cash (375$) debit insurance expense (375$) and credit prepaid insurance (375$) debit prepaid insurance (375$) and credit cash (375$)