What is the correct entry to record the prepayment of car insurance? Select one: O O O a. Debit Insurance Expense and Credit Cash b. Debit Prepaid Insurance and Credit Accounts Payable c. Debit Prepaid Insurance and Credit Cash d. Debit Accounts Payable and Credit Cash A

What is the correct entry to record the prepayment of car insurance? Select one: a. Debit Insurance Expense and Credit Cash b. Debit Prepaid insurance and Crecit Accounts Payable c. Debit Prepaid Insurance and Credit Cash d. Debit Accounts Rayable and Credit Cash