The Fireworks Hut paid $18,200 for a two-year insurance policy on January 1.. Before preparing its December 31 financial statements the company should make which of the following adjusting entries? debit Cash, $9,100; credit Prepaid Insurance, $9,100 O debit Prepaid Insurance, $13,650; credit Insurance Expense, $13,650 O debit Cash, $14,550; credit Insurance Expense, $4,550. O debit Insurance Expense, $9,100 credit Prepaid Insurance $9,100