Question 8 of 30 OA. $6,000 B. $7,200 O C. $7,800 O D. $5,400 > This test: 30 point(s) possible This question: 1 point(s) possible K Murphy, Inc. prepaid $7,200 on October 1, 2024 for a one-year insurance premium. Coverage begins October 1. On January 31 adjustments), the Prepaid Insurance account will have a debit balance of (Round any intermediate calculations to your final answer to the nearest whole number.)

Murphy, Inc. prepaid \$7,200 on October 1,2024 for a one-year insurance premium. Coverage begins October 1 . On January 31 adjustments), the Prepaid insurance account will have a debit balance of (Round any intermediate calculations your final answer to the nearest whole number.) A. $6,000 B. $7,200 C. $7,800 D. $5,400