An Asset Created by Prepayment of an Insurance Expense Is

Multiple Choice

An asset created by prepayment of an insurance expense is:

A) Recorded as a debit to Unearned Revenue.
B) Recorded as a debit to Prepaid Insurance.
C) Recorded as a credit to Unearned Revenue.
D) Recorded as a credit to Prepaid Insurance.
E) Not recorded in the accounting records until the insurance period expires.