Which of the Following Entries Records the Payment of a Bill

question 45

Multiple Choice

Which of the following entries records the payment of a bill for your insurance premium?

• A) debit Prepaid Insurance; credit Cash
• B) debit Insurance Payable; credit Accounts Receivable
• C) debit Accounts Payable; credit Cash
• D) debit Cash; credit Prepaid Insurance

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Definitions:

Same-sex Parent

A parent who identifies as having a homosexual orientation, and may raise children in a family structure with two parents of the same gender.

Opposite Sex

Referring to the gender other than one's own; typically used in the context of attraction or relationships between males and females.

Premature Death

A death that occurs before the average age of death in a specific population; often due to preventable causes or conditions.

Older Children

Refers to children who are not the youngest in a family or group, often implying they have more responsibilities or maturity.