On the Oregon Company's Unadjusted Trial Balance as of December 31, 2019 the "PREPAID INSURANCE account has a balance of 58,400 This amount represents the payment for 24 months insurance on March 1, 2019. What is the adjusting entry related to this account on December 31, 2019, if any? A. Insurance Expense account is debited by $3,500, Prepaid Insurance account is credited by $3,500 B. Prepaid murance account is debited by $4,000, murance Expens account credited by 54,900 None of these D. Prepaid Insurance account in debited by $3,500; Insurance Expense account is credited by $3,500 E. Insurance Expense account is de bited by S4,900; Prepaid Insurance account is credited by $4.900 Seim Siria