The balance for prepaid insurance before adjustment is OMR 15,500. Insurance expires at the rate of OMR 2,500 per month. What is the proper adjusting entry at June 302 2.500 2.500 13,000 13,000 Select one: ance expense Prepaid Insurance b. Insurance Expense Prepaid Insurance O Prepaid Insurance Insurance Expense d. Insurance Expense Prepaid Insurance e. No entry is required. 13.000 13.000 15,500 15.500