A company paid $1500 cash for an insurance policy providing flood protection for a three-year period. This transaction should be recorded by which of the following entries:
A. $1500 debit to Accrued Expense and a $1500 credit to Cash.
B. $1500 debit to Unexpired Insurance and a $1500 credit to Cash.
C. $1500 debit to Withdrawals and a $1500 credit to Cash.
D. 1500 debit to Accounts Payable and a $1500 credit to Cash.
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