The White Boar Pub purchased a two year insurance policy for $9,600 on February 1 and recorded it as an asset June 30, the adjusting entry that should be made is__ a. Prepaid Insurance2,000 b. Insurance Expense C. Insurance Expense d. Prepaid Insurance7,600 a. Insurance Expense a. Prepaid Insurance7,600 a. Prepaid Insurance a. Insurance Expense 7,600 2,000 2,000 7,600