On 10 April, 2021 Osaka Ltd paid $10800 cash for a 48-month insurance policy plus 10% GST. What is the initial General journal entry to record the payment? a. Debit - Cash $10800 Credit - Prepaid Insurance $10800 b. Debit - Insurance Expense $9720 Debit - GST Collected $1080 Credit - Prepaid Insurance $10800 c. Debit - Prepaid Insurance $10800 Debit - GST Outlays $1080 Credit - Cash $11880 d. Debit - Insurance Expense $10800 Debit - GST Outlays $1080 Credit - Equity $11880 e. Debit - Prepaid Insurance $10800 Debit - GST Outlays $1080 Credit - Insurance Expense $11880