Taylor Company prepaid three months of insurance totaling $300 on December 1 of the current year. Assuming Taylor records deferred expenses using the alternative treatment, what would be the adjusting entry on December 31? O A. Debit Cash and credit Insurance Expense for $100 OB. Debit Insurance Expense and credit Prepaid Insurance for $200. OC. Debit Prepaid Insurance and credit Insurance Expense for $200. OD. Debit Insurance Expense and credit Cash for $100