The balance in the prepaid insurance account before adjustment at the end of the year is Rp10,000,000. If the additional data for the adjusting entry is (1) "the amount of insurance expired during the year is Rp8,500,000," as compared to additional data stating (2) "the amount of unexpired insurance applicable to a future period is Rp1,500,000," for the adjusting entry....
A. the debit and credit amount for (1) would be the same as (2) but the accounts would be different
B. the accounts for (1) would be the same as the accounts for (2) but the amounts would be different
C. the accounts and amounts would be the same for both (1) and (2)
D. there is not enough information given to determine the correct accounts and amounts
E. the debit and credit amount for (2) would be the same as (1) but the accounts would be different
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