Question 6 of 10 Which statement best describes the relationship between businesses and other parts of the circular flow of goods? O A. Businesses use materials from resource markets to make products. O B. Businesses provide a way to sell goods made in product markets. O C. Businesses give households access to product and resource markets. O D. Businesses pay interest rates to product markets for their services. SUBMIT

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.