The White Boar Pub Purchased a Two-Year Insurance Policy for $1,200

The White Boar Pub purchased a two-year insurance policy for $1,200 on February 1 and recorded it as an asset. On June 30, the adjusting entry that should be made is ________.

A) $$\begin{array} { l l } \text { Prepaid Insurance } & 950 \\\quad \text { Insurance Expense } &&950\end{array}$$
B) $\begin{array}{lrr} \text { Insurance Expense } &250\\ \text {Prepaid Insurance } &&250\\\end{array}$

C) $\begin{array}{lrr} \text { Prepaid Insurance} &250\\ \text {Insurance Expense } &&250\\\end{array}$

D) $$\begin{array} { l l } \text { Insurance Expense } & 950 \\\text { Prepaid Insurance } &&950\end{array}$$