Multiple Choice
Purchasing a three-year insurance policy for cash would include a:
A) debit to Cash and a credit to Accounts Receivable
B) debit to Insurance Expense and a credit to Dividends
C) debit to Prepaid Insurance and a credit to Accounts Payable
D) debit to Prepaid Insurance and a credit to Cash
Correct Answer:
Verified
Correct Answer:
Verified
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