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Other Fields Homework Help Accounting Topic started by: Fast2F on Jun 5, 2017



Title: On July 1, Hill's Construction paid six months' insurance in advance. The journal entry to record ...
Post by: Fast2F on Jun 5, 2017
On July 1, Hill's Construction paid six months' insurance in advance. The journal entry to record this transaction is:
A) Debit Cash; Credit Prepaid Insurance
B) Debit Prepaid Insurance; Credit Cash
C) Debit Cash; Credit Insurance Expense
D) Debit Insurance Expense; Credit Cash


Title: Re: On July 1, Hill's Construction paid six months' insurance in advance. The journal entry to ...
Post by: Laffio on Jun 5, 2017
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Title: Re: On July 1, Hill's Construction paid six months' insurance in advance. The journal entry to record ...
Post by: Fast2F on Jul 18, 2017
I was skeptical at first but decided to give this a try.

Happy I did, you guys are so smart