Prepaid insurance is the cost of a 2-year insurance policy, effective April 1. What would be the adjusting entry?* Debit Cash $3600, Credit Prepaid Insurance $3600 Debit Insurance Expense $1800, Credit Cash $1800 Debit Prepaid Insurance $150, Credit Insurance Expense $150 Debit Insurance Expense $150, Credit Prepaid Insurance $150 Prepaid insurance is the cost of a 2-year insurance policy, effective April 1. What would be the adjusting entry?* Debit Cash $3600, Credit Prepaid Insurance $3600 Debit Insurance Expense $1800, Credit Cash $1800 Debit Prepaid Insurance $150, Credit Insurance Expense $150 Debit Insurance Expense $150, Credit Prepaid Insurance $150