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Safety First Supply Company purchased a 5-year insurance policy for $2,500. Wha O A. Debit Insurance Expense $2,500, credit Cash $2,500 O B. Debit Insurance

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Safety First Supply Company purchased a 5-year insurance policy for $2,500. Wha O A. Debit Insurance Expense $2,500, credit Cash $2,500 O B. Debit Insurance Expense $2,500, credit Prepaid Insurance $2,500 C. Debit Insurance Expense $500, credit Cash $500 O D. Debit Insurance Expense $500, credit Prepaid Insurance $500

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