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Kwami Kwami
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7 years ago
The entry to record prepayment of an insurance policy would be a debit to
A) cash and a credit to deferred expense.
B) deferred expense and a credit to cash.
C) insurance expense and a credit to cash.
D) cash and a credit to insurance expense.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
Author:
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mourningbirdmourningbird
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7 years ago
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Kwami Author
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#2
7 years ago
Aha, makes more sense now.
wrote...
#3
7 years ago
Slight Smile
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