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: Select one: OA. 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 OD. The adjusting entry shows that there is Pre-Paid Insurance Clear my choice