Question 1 of 5 Moving to another question will save this response. 1 points Save Answer Question 1 Adel Company paid $2,800 cash for 12 months insurance policy. What will be the correct entry for this transaction? Debit: Cash $2,800; Credit Insurance Expense $2,800 Debit: Prepaid Insurance $2,800: Credit: Cash $2,800 Dobit: Cash $2,800: Credit: Prepaid Insurance $2,800 Debit: Insurance Expense 52,800; Credit Cash $2,800 Question 1 of 5 Moving to another question will save this response NO