please do it in 20 minutes please urgently... I'll give you positive feedback only final answer no need to do calculation

Question 4. Company X has the year end on 31st January. Company X bought a transportation element on 15 May 2016 and paid an insurance premium of 800 for 12 months. Considering only the journal entries related to the insurance payment, which of the following statements is true? a) Expenses increase in 800 and assets have a net decrease of the same amount. b) Expenses increase in 600 and assets decrease in the same amount. c) None of the answers is true. 1 d) Expenses increase in 1,000 and assets increase in the same amount