Hoosher Enterprises purchased an $18-$month insurance policy on May $31,2022$ for $$10,800.$ The December $31,2022$ balance sheet would report Prepaid Insurance of

Question $7$ options:

A$)$

$$6,600.$

B$)$

$$10,800.$

C$)$

$$0$ because Prepaid Insurance is reported on the Income Statement.

D$)$

$$4,200.$