Question: please help asap!!! 20 What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid

please help asap!!!

20 What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance account is $9,550 before adjustment, and the unexpired amount per analysis of policies is $4,150? 01:50:31 Multiple Choice O Debit Prepaid Insurance $5,400, credit Insurance Experise, $5,400. O Debit Insurance Expense. $6.400; credit Prepaid Insurance $5.400 o Debit Insurance Expense, $4,150, credit Prepaid Insurance. $4150 Debit Cash $9,550 Credit Prepaid Insurance $9.550

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