Question: please show all steps so I fully understand how to solve. Thank you A company takes out a two year fire insurance policy costing $13729

please show all steps so I fully understand how to solve. Thank you
A company takes out a two year fire insurance policy costing $13729 on May 1 20x4. The cost of the policy was debited to the Insurance Expense account. At December 31, 20x4, the adjusting entry will include which of the following Select one: Oa. A credit to insurance expense of $9153 O b. A credit to insurance expense of $4004 O c. A credit to prepaid insurance of $9153 O d. A debit to insurance expense of $4576 Check
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