stion 12 On February 1, a company paid $2,700 for a one-year insurance policy whose coverage starts on that date. The company will make the following year-end adjusting entry on September 30 of the same year. wered ced out of lag tion Select one: a. Debit insurance expense, $1,800 credit prepaid insurance, $1,800 b. Debit prepaid insurance, $2,700, credit insurance expense, $2,700 c. Debit insurance expense, $225; credit prepaid insurance, $225 d. Debit insurance expense, $1,575; credit prepaid insurance, $1,575 e. Debit cash, $2,700; credit prepaid insurance, $2,700