for one year of insurance covering the period October 1, 2023 through September 30, 2024. Which of the following will be part of the adjusting entry on December 31, 2023?
A. Debit Insurance Expense for $13,950
B. Debit Prepaid Insurance for $4,650
C. Debit Prepaid Insurance for $13,950
D. Debit Insurance Expense for $4,650
E. None of the above