The unadjusted trial balance for a company as of December 31, 2019 appears below Credit Debit S1,200 900 900 2000 10.000 4,500 Cash Accounts Receivable Prepard Instance Supplies Land Office Furniture Accounts Payable Uneamed Revenue Note Payable Common Stock Retained Eamings Dividends Service Revenues Rent Expense Salaries Expense 900 1,500 5.500 3.000 7400 1.100 4100 600 1.200 S22100 $22.40 Additional Information 1. The Company paid $900 for a one-year insurance policy on July 1, 2019 2 The office furniture was purchased on January 1, 2019 and is expected to have a nine-year life and no salvace. Depreciation for 2019 has not been recorded 3. The unearned revenue account was created when the Company was paid $1,500 for services to be rendered Half of these services were rendered on December 1, 2019 4. The note payable represents a 8 month, 8% loan obtained from The Bank & Trust on October 1, 2019 5. The Company paid $600 on November 1, 2019 as annual rent for its warehouse. This amount was debited to rent expense 6. The Company operates five days per week (M-F) with a weekly payroll of $500. The Company pays its employees every Friday, December 31, 2019 is a Wednesday. These wages have yet to be recorded 7. Supplies on hand at December 31, 2019 had a cost of $600 Net Income after Adjusting entries for the year-ending December 31, 2019 is The correct adjusting entry for number 1) above includes a: O A. Debit to Insurance Expense for $900 OB. Debit to Prepaid Insurance for $450 OC. Debit to Insurance Expense for $450 O D. Credit to Prepaid Insurance for $900 O E. Credit to Insurance Expense for $900