geNOWv2 Online teachir X+ irmn/takeAssignment/takessignmentMain.doinwoker-BtakeAssignmentsessioni ocator-asignment- takekinprogress-falke Calculator Print Item Smokey Company purchases a one-year insurance policy on July I for $3,600. The adjusting entry on December 31 is Oa debit Insurance Expense, $1,800; credit Prepaid tesurance, $1. 800 b. debit Insurance Expense, $2,100; credit Prepaid Insurance, 52.100 c. debit Insurance Expense, $1.500; credit Prepaid Insurance. $1.500 d. debit Prepaid Insurance, $1,800; credit Cash, $1,800 All work saved