Doug paid $3,000 on a one-year insurance policy on March 1. The O A debit to Insurance Expense for $2,500; and a credit to Prepaid Insurance for $2,500. B. debit to Insurance Expense for $3,000, and a credit to Prepaid Insurance for S3.000 O C. debit to Cash for $3,000; and a credit to Prepaid Insurance for $3,000 O D. debit to Prepaid Insurance for $2.500; and a credit to Cash for $2,500