In first of October, Muscat company Paid OMR 12,000 for a one-year insurance policy. The Journal Entry should be: Select one: O a. DEBIT Prepaid Insurance OMR 3,000 and CREDIT Cash OMR 3,000 Ob. DEBIT Prepaid Insurance OMR 12,000 and CREDIT Cash OMR 12,000 C DEBIT Insurance expenses OMR 12,000 and CREDIT cash OMR 12,000 d. DEBIT Cash OMR 12,000 and CREDIT Prepaid Insurance OMR 12,000 e. No entry-not a transaction