On September 1, Meditation, Incorporated paid $2,200 for a one-year insurance policy. The journal entry to record this transaction is: Question 54 options: Account Name Debit Credit Prepaid Insurance $ 2,200 Insurance Expense $ 2,200 Account Name Debit Credit Prepaid Insurance $ 2,200 Cash $ 2,200 Account Name Debit Credit Insurance Expense $ 2,200 Cash $ 2,200 Account Name Debit Credit Cash $ 2,200 Prepaid Insurance $ 2,200