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On September 1, 2019 Joudi Advertising Company paid $1,200 for a six-months health insurance policy. The ending balance of prepaid insurance account at December 31,

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On September 1, 2019 Joudi Advertising Company paid $1,200 for a six-months health insurance policy. The ending balance of prepaid insurance account at December 31, 2019 after journalizing & posting the related adjusting entry is: Select one: a. A credit Balance of $ 400. b. A debit Balance of $ 800. c. A debit Balance of $ 400. d. A credit Balance of $ 800

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