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A CREDIT to Service Revenue for $5,200 A CREDIT to Service Revenue for $6,500 O A CREDIT to Unearned Service Revenue for $6,500 Question 17

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A CREDIT to Service Revenue for $5,200 A CREDIT to Service Revenue for $6,500 O A CREDIT to Unearned Service Revenue for $6,500 Question 17 On June 30, 20X1, Wellingtor Company paid $2,800 in advance for 12 months of insurance, with the insurance period beginning on June 30, 20X1. This was reco as Prepaid Insurance. Which ONE of the following will be included in the ADJUSTING ENTRY necessary on December 31, 20X1? O A DEBIT to Insurance Expense for $2,800 O A CREDIT to Prepaid Insurance for $1,400 O A CREDIT to Cash for $2,800 O A DEBIT to Prepaid Insurance for $1,400

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