On February 1, Year 1, a company paid $3,600 for an insurance policy that will expire on January 31, Year 2. When the company recorded this transaction on February 1, Year 1, the journal entry was:

None of the listed choices are correct.

A credit to cash for $3,600 and a credit to prepaid insurance for $3,600.

A debit to cash for $3,600 and a credit to prepaid insurance for $3,600.

A debit to cash for $3,600 and a debit to insurance expense for $3,600.

A debit to cash for $3,600 and a debit to prepaid insurance for $3,600.

A debit to cash for $3,600, a credit to prepaid insurance for $300, and a credit to insurance expense for $3,300.

A credit to cash for $3,600 and a debit to prepaid insurance for $3,600.

A credit to cash for $3,600, a debit to prepaid insurance for $3,300, and a debit to insurance expense for $300.

A credit to cash for $3,600 and a debit to insurance expense for $3,600.