Prepare to adjust entry for a company after 4 months that paid $2,400 of insurance in advance at beginning of the year:

A. Debit Insurance Expense $ 2,400; Credit Prepaid Insurance $2,400

B. Debit Prepaid Insurance $800; Credit Insurance Expense $800

C. Debit Insurance Expense $800; Credit Prepaid Insurance

D. Debit Prepaid Insurance $2,400; Credit Cash $2,400