On December 31,2010,Avery Corporation Paid $10,000 for Next Year's Insurance $\quad$

On December 31,2010,Avery Corporation paid $10,000 for next year's insurance policy.This transaction should be recorded as follows by Avery:

A) Insurance Expense $\quad$$\quad$ 10,000
$\quad$ Insurance Payable $\quad$$\quad$$\quad$$\quad$$\quad$ 10,000
B) Prepaid Insurance $\quad$$\quad$$\quad$ 10,000
$\quad$ Insurance Payable $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ 10,000
C) Prepaid Insurance $\quad$$\quad$ 10,000
$\quad$ Cash $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ 10,000
D) Insurance Payable $\quad$$\quad$ 10,000
$\quad$ Cash $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ 10,000