S E X Company prepares monthly financial statements. On September 6, its accountant made an entry that resulted n 563,000 Increase in Cash and a $63,000 decrease in Accounts Receivable. Which of the following transactions is consistent with this entry? X Company AO borrowed $63,000 from a bank and signed a note. BO received $63,000 from a customer who bought merchandise with cash. CO received $63,000 from a customer who had previously bought merchandise on account. DO paid $63,000 to a supplier from whom the firm had previously bought merchandise on account. EO received $63,000 from a new investor. FO sold merchandise to customers on account for $63,000. Spt XCompany prepares annual financial statements. On September 1, 2017, X Company paid 851,000 in advance for a two year insurance polley. After the adjusting entry on December 31, 2017, what will X Company's 2017 financial statements show? 8.AO Prepaid Insurance, $12,750; Insurance expense, $38,250 BO Prepaid Insurance, $42,500; Insurance expense, $8,500 CO Prepaid Insurance, $0, Insurance expense, $51,000 DO Prepaid Insurance, $8,500; Insurance expense, $42,500 EO Prepaid Insurance, $38,250; Insurance expense, $12,750 FO Prepaid Insurance, $51,000; Insurance expense, $0