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9.) Your company, which is on the accrual basis, prepays $24,000 for 1 year's insurance premiums and debits Insurance Expense. If, 3 months later, your firm's year ends, what adjusting entry do you record? * Insurance Expense Prepaid Insurance 18,000 18,000 Prepaid Insurance Insurance Expense 18,000 18,000 A. B. 6,000 6,000 Insurance Expense Prepaid Insurance Prepaid Insurance Insurance Expense 6,000 6,000 C. O D