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tivo tivo
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6 years ago
Binford Corporation purchased a $600 two-year insurance policy for cash. The journal entry would require a:
A) debit to Prepaid Insurance and a credit to Cash.
B) debit to Insurance Expense and credit to Cash.
C) debit to Insurance Expense and a credit to Accounts Payable.
D) debit to Insurance Expense and a credit to Retained Earnings.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
6 years ago
Thank you for helping me with my accounting homework, will ask again
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