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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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7 years ago
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
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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LaffioLaffio
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7 years ago
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Fast2F Author
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#2
7 years ago
I was skeptical at first but decided to give this a try.

Happy I did, you guys are so smart
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