Determine whether the following statements are true or false, then mark the appropriate multiple choice answer. Prepaid Insurance and Unearned Revenue are accounts that generally need to be adjusted at the end of the accounting period. accounts do not need to be adjusted at the end of the period. Every adjusting entry will affect both the Income Statement and the Balance Sheet. On August 1, a company paid $12,000 for 6 months of rent, to cover the period August 1- January 31. The company's December 31st balance sheet should include Prepaid Insurance of $2,000 Select one: O a. true, false, true, false O b. false, true, true, false O c. true, false, true, true O d. true, true, true, true