On April 1, 20x4, a company paid $13787 for a three year insurance policy. The entire amount was debited to insurance expense. The December 31 adjusting entry will include a credit to: Select one: a. Prepaid insurance in the amount of $10340 b. Insurance expense in the amount of $3447 c. Prepaid insurance in the amount of $3447 d. Insurance expense in the amount of $10340