Assume a company pays $2,400 in Pre- Paid Insurance at the beginning of the Year. It decides to record an adjusting entry after 6 months on this account: A) The adjusting entry reflects compliance with Accounting Cycle B) The adjusting entry is consistent with accrual form of Accounting C) The adjusting entry reflects an adjustment of $1,200 D) The adjusting entry shows that there is Pre-Paid Insurance