Fischers, Inc. purchased a 3-year insurance policy for $2,700. What would the adjusting entry be at the end of the first year? O A. Debit Insurance Expense $900, credit Cash $900 O B. Debit Insurance Expense $900, credit Prepaid Insurance $900 O C. Debit Insurance Expense $2,700, credit Prepaid Insurance $2,700 OD. Debit Insurance Expense $2,700, credit Cash $2,700