Out DQuestion 5 0.5 pts Smith Company paid $26,400 for a four-year insurance policy on September 1 and recorded the $26,400 as a debit to Prepaid Insurance and a credit to Cash. What adjusting entry should Smith make on December 31, the end of the accounting period (no previous adjustment has been made)? A) Insurance Expense 2,200 Prepaid Insurance 2.200 None of the above 2.200 A) Prepaid Insurance 2.200 Insurance Expense 24.200 A) Prepaid Insurance 24,200 Insurance Expense