What Is the Proper Adjusting Entry at June 30, the End

Multiple Choice

What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, $15,500, and unexpired amounts per analysis of policies of $4,500?

A) Debit Insurance Expense, $4,500; Credit Prepaid Insurance, $4,500.
B) Debit Insurance Expense, $15,500; Credit Prepaid Insurance, $15,500.
C) Debit Prepaid Insurance, $11,000; Credit Insurance Expense, $11,000.
D) Debit Insurance Expense, $11,000; Credit Prepaid Insurance, $11,000.