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Title: Safety First Supply Company purchased a 2-year insurance policy for $2,500. What would the adjusting ... Post by: bravata on Feb 20, 2017 Safety First Supply Company purchased a 2-year insurance policy for $2,500. What would the adjusting entry be at the end of the first year?
A) Debit Insurance Expense $2,500, credit Prepaid Insurance $2,500 B) Debit Insurance Expense $2,500, credit Cash $2,500 C) Debit Insurance Expense $1,250, credit Prepaid Insurance $1,250 D) Debit Insurance Expense $1,250, credit Cash $1,250 Title: Re: Safety First Supply Company purchased a 2-year insurance policy for $2,500. What would the ... Post by: largerthanlife on Feb 20, 2017 Content hidden
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