The Trial Balance for Greenway Corporation Appears as Follows

Multiple Choice

The trial balance for Greenway Corporation appears as follows: If, on December 31, 2022, the insurance still unexpired amounted to $20, the adjusting entry would contain a:

A) debit to Prepaid Insurance for $62.
B) credit to Prepaid Insurance for $20.
C) debit to Insurance Expense for $62.
D) debit to Prepaid Insurance for $20.