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Which of the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of $16,194 and unexpired insurance of $4,953,

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Which of the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of $16,194 and unexpired insurance of $4,953, for the fiscal year ending on April 30? Odebit Insurance Expense, $16,194; credit Prepaid Insurance, $16,194 Odebit Prepaid Insurance, $16,194; credit Insurance Expense, $16,194 Odebit Insurance Expense, $11,241; credit Prepaid Insurance, $11,241 Odebit Prepaid Insurance, $11,241; credit Insurance Expense, $11,241

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