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On April 1, 20x4, a company paid $19385 for a three year insurance policy. The entire amount was debited to insurance expense. The December 31

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On April 1, 20x4, a company paid $19385 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. Insurance expense in the amount of $4846 o b. Insurance expense in the amount of $14539 c. Prepaid insurance in the amount of $4846 O d. Prepaid insurance in the amount of $14539

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