Which of the Following Entries Records the Payment of Insurance

question 5

Multiple Choice

Which of the following entries records the payment of insurance for the current month?

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

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Definitions:

Before and After

A comparison or analysis technique that examines the conditions or states before and after a specific event or intervention.

Prototype

An early model or sample of a product built to test a concept or process, serving as a thing to be replicated or learned from.

Pilot Test

An initial small-scale implementation used to evaluate the feasibility, duration, cost, and adverse events involved in a research project.

Scientific Experimentation

The systematic investigation of scientific theories and hypotheses through controlled testing and observation.