Multiple Choice
Supermeg Dry Cleaners had the following payroll data for its May 14 pay date:
When the firm remits its health insurance premium for this pay date,what is the General Journal entry?
A) Debit Cash $13,618.71;Credit Health Insurance Payable $13,618.71
B) Debit Cash $27,237.42;Credit Health Insurance Payable $27,237.42
C) Debit Health Insurance Payable $13,618.71;Credit Cash $13,618.71
D) Debit Health Insurance Payable $27,237.42;Credit Cash $27,237.42
Correct Answer:
Verified
Correct Answer:
Verified
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