Ask Question
23 April, 22:17

Assume that $18,300 cash is paid for insurance to cover the next year. The appropriate debit and credit are:

+2
Answers (2)
  1. 23 April, 22:21
    0
    Debit prepaid insurance 17900

    credit cash 17900
  2. 23 April, 22:42
    0
    I think yo have in debit the insurance 18, 300$, because it increases. You have in credit cash-box, because you pay in cash and it decreases with 18, 300$.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume that $18,300 cash is paid for insurance to cover the next year. The appropriate debit and credit are: ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers