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14 September, 12:43

Which of the following entries records the payment of insurance for the current month? a. Prepaid Insurance, debit; Cash, credit b. Insurance Expense, debit; Accounts Receivable, credit c. Insurance Expense, debit; Cash, credit d. Cash, debit; Insurance Expense, credit

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  1. 14 September, 12:49
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    The answer is c. Insurance Expense, debit; Cash, credit

    Explanation:

    The expense paid for is for the current month, the expense amount is debited to insurance expense account, and credit cash account.
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