ion On January 12th, purchased insurance for one year in advance in the amount of OMR 96,000. The Journal Entry should be: Select one: a. DEBIT Share Capital OMR 96,000 and CREDIT Cash OMR 96,000 b. DEBIT Insurance Expense OMR 96,000 and CREDIT Prepaid Insurance OMR 96,000 c. None of the answers are correct d. DEBIT Prepaid Insurance OMR 96,000 and CREDIT Cash OMR 96,000 e. DEBIT Cash OMR 96,000 and CREDIT Prepaid Insurance OMR 96,000