QUESTION 2 Joe Exotic purchased a 4-year insurance policy for $15.000 on March 31st, 2019 He paid the full amount upfront in cash Which of the following represents the appropriate adjusting entry on December 31st 2019? Debit Insurance Expense for $2750. Credit Prepaid Insurance for S2750 O Debit Insurance Expense for $2.813. Credit Prepaid Insurance for $2813 Debit Insurance Expense for $3.750. Credit Prepaid Insurance for $3750. Debit Prepaid Insurance for $3.125. Credit Insurance Expense for $3.125 Click Save and Submit to save and submit. Click Save All Answers to save all answers. DULL