A company purchased a 6-month insurance premium on January 1 for $1,800. What is the adjusting entry to record insurance expired during the month of January? Select one: O A. Debit Insurance expense $300; Credit Prepaid Insurance $300 OB. Credit Insurance expense $300; Debit Prepaid Insurance $300 O C. Debit Insurance expense $1,800; Credit Prepaid Insurance $1,800 O D. Credit Insurance expense $1,800; Debit Prepaid Insurance $1,000