* Acro Read Fischers, Inc. purchased a 3-year insurance policy for $2,800. What would the adjusting entry be at the end of the first year? OA. Debit Insurance Expense $933, credit Prepaid Insurance $933 OB. Debit Insurance Expense $933, credit Cash $933 Fire OC. Debit Insurance Expense $2,800, credit Cash $2,800 E C Goo Chr OD. Debit Insurance Expense $2,800, credit Prepaid Insurance $2,800