Question 41 2 pts 5 On August 1, Yellow Company paid $6,320 for 3-year insurance policy. On that date, the company recorded the payment in the Insurance Expense account. In the adjusting entry at December 31. there would be a: 2 Credit to Prepaid Insurance for $2.107 Debit to Insurance Expense for $175 Credit to Insurance Expense for $5.442. Credit to Prepaid Insurance for $527