MC Qu. 114 J. Brown Consulting paid... J. Brown Consulting paid $2,500 cash for a 5-month insurance policy which begins on December 1. Given the choices below determine the general journal entry that J. Brown Consulting will make to record the cash payment. Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts. Multiple Choice Insurance Expense 2,500 Cash 2,500 Cash 2,500 Insurance Expense 2,500 Cash 2,500 2, 500 Prepaid Insurance