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The Vine Tavern purchased a one-year hazard insurance policy on August 1 and recorded the $4,200 premium to prepaid insurance. At its December 31 year-end,

The Vine Tavern purchased a one-year hazard insurance policy on August 1 and recorded the $4,200 premium to prepaid insurance. At its December 31 year-end, which of the following adjusting entries would The Vine do to record Insurance Expense from August 1st to December 31st ?

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Insurance Expense 1750 Prepaid Insurance 1750 Prepaid Insurance 1750 Insurance Expense 1750 Insurance Expense 1750 Prepaid Insurance 2.450 Accounts Payable 4. 200 I Insurance Expense 2.450 Prepaid Insurance 2450 A ) Option A B ) Option B C ) Option D ) Option D

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