Husker Du Supplies Inc. purchased a 12-month insurance policy on March 1, 2014 for $1,800. At March 31, 2014, the adjusting journal entry to record expiration of this asset will include a

A)

debit to Prepaid Insurance and a credit to Cash for $1,800.

B)

debit to Prepaid Insurance and a credit to Insurance Expense for $200.

C)

debit to Insurance Expense and a credit to Prepaid Insurance for $150.

D)

debit to Insurance Expense and a credit to Cash for $150.