I am stuck on adjusting entry A, the account that would decrease and increase, but please answer all thanks!

The following event requires a year-end adjusting entry. Fill in the blanks that would properly reflect first the recording of the event, and then the adjusting entry in the accounting equation. Assume a December 31 year-end date. A. Paid $5,300 cash in advance on October 1 for a one-year insurance policy. Event A: Name the account that would decrease: and the account that would increase: What is the amount of this entry? Adjusting Entry A: Name the account that would decrease: What is the amount of this adjustment