ABC Inc. purchased a 12-month insurance policy on January 1, 2019 for OMR 2400.

At June 30, 2019, The Adjusting Entry should be:

Select one:

a. Debit to Prepaid Insurance, OMR 2400; Credit to Cash for OMR 2400

b. Debit to Insurance Expense, OMR 1200; Credit to Prepaid Insurance for OMR1200

c. Debit to Insurance Expense, OMR 2400; Credit to Prepaid Insurance for OMR 2400

d. None of the answers are correct

e. Debit to Prepaid Insurance, OMR 1400; Credit to Insurance Expense for OMR 1400