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:

Pituitary Gland

a small, pea-sized gland located at the base of the brain, responsible for regulating crucial body functions through the release of hormones.

Hypophysis

Another term for the pituitary gland, a small, pea-sized gland located at the base of the brain, responsible for controlling various hormonal activities in the body.

Lethargic

A state of sluggishness, fatigue, or lack of energy, often as a result of illness or medical conditions.

Hyperkalemia

A condition characterized by an abnormally high concentration of potassium in the blood.