Which of the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of $11,491 and unexpired insurance of \$3,377, for the fiscal year ending on April 30? a. debit lesurance Expense, 511,491; credit Prepuid lesurance, 511,491 b. debit Insurance Expense, 58,114 ; credit Prepaid Insurance, 5%,114 c. dobit Insurance Expense, 53,377; credit 1repaid Insurance, 53,377 d. debit Prepaid Insuracee, 58, 114; crodit Insurance Expense, 58,114