On March 1, 2020, Anna purchased a one-year insurance policy for $4,800. On that date, Prepaid Insurance was debited for $4,800. If Anna desires to prepare financial statements at the end of March, the adjusting journal entry would include a:

Question 7 options:

a)	debit to Insurance Expense for $2,400.

b)	credit to Prepaid Insurance for $2,200.

c)	credit to Insurance Expense for $2,200.

d)	debit to Insurance Expense for $400.

e)	None of these.