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Murphy, Inc. prepaid $ 6 , 0 0 0 on October 1 , 2 0 2 5 for a one - year insurance premium. Coverage

Murphy, Inc. prepaid $6,000 on October 1,2025 for a one - year insurance premium. Coverage begins October 1. On January 1,2026(after December 31 adjustments), the Prepaid Insurance
account will have a debit balance of
(Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.)
A. $6,000
B. $4,500
C. $5,000
D. $6,500
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