The following information relates to questions 37, 38, and 39: DEF Co. uses mium and debits "insurance expense." One (1) year has elapsed. 37. How much insurance expense has DEF Co. incurred this year? a. $15,000 b. $10,000 c. $5,000 d. $0 38. How much has DEF Co. paid for insurance this year? a. $15,000 b. $10,000 c. $5,000 d. $0 39. What is the adjusting journal entry (omitting dollars) after 1 year? a. Insurance Expense c. Prepaid Insurance Cash Insurance Expense To record prepaid insurance To record prepaid insurance b. Insurance Expense d. Prepaid Insurance Prepaid Insurance Cash To record prepaid insurance To record prepaid insurance