On 15 May Osaka Paid $715 Cash for an 18-Month

On 15 May Osaka paid $715 cash for an 18-month insurance policy including 10% GST.The general journal entry to record the payment is: a. $\begin{array}{l}\begin{array}{cc}\text { Insurance Expense } & 650 \\\text { GST Outlays } & 65 \\\text { Equity } &&751\end{array}\\\end{array}$

b. $\begin{array}{lcl}\text { Insurance Expense } & 585 \\\text { GST Collected } & 65 \\\text { Prepaid Insurance } & & 650\end{array}$

c. $\begin{array}{ccc}\text { Prepaid Insurance } & 650 & \\\text { GST Outlays } & 65 & \\\text { Cash } & & 715\end{array}$

d. $\begin{array}{ll}\text { Cash } & 650 \\\text { Prepaid Insurance } &&650\end{array}$