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On June 30, 20X1. Wellingtor Company paid $2,800 in advance for 12 months of insurance with the insurance period beginning on June 30, 20X1. This

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On June 30, 20X1. Wellingtor Company paid $2,800 in advance for 12 months of insurance with the insurance period beginning on June 30, 20X1. This was recorded as Prepaid Insurance Which ONE of the following will be included in the ADJUSTING ENTRY necessary on December 31, 20X1? O ACREDIT to Prepaid Insurance for $1.400 O ACREDIT to Cash for $2.800 A DEBIT to Insurance Expense for $2.800 A DCDIT to Prepaid Insurance for $1.400

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