QUESTION

14) A $2,000 advance payment for a 1-year insurance is recorded as A. Insurance expense $2,000 Cash $2,000 B. Cash $

Category: Business
Subject: Accounting
Due Date: 01/27/2016
Question Asked: 2016-01-27 17:53:12

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14) A $2,000 advance payment for a 1-year insurance is recorded as

 A. Insurance expense $2,000 Cash $2,000 

B. Cash $2,000 Insurance expense $2,000 

C. Prepaid insurance $2,000 Cash $2,000 

D. Prepaid insurance $2,000 Insurance expense $2,000

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14) A $2,000 advance payment for a 1-year insurance is recorded as A. Insurance expense $2,000 Cash $2,000 B. Cash $

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Posted on 2016-01-27 17:53:12

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...2,000 C. Prepaid insurance $2,000 Cash $2,000 D...

The full tutorial is about 31 words long.