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:

Classical Conditioning

The educational process of repeatedly combining two stimuli; a reaction that initially occurs in response to the second stimulus eventually happens in response to the first stimulus alone.

Scientific Methodology

A systematic approach to research in which a problem is identified, relevant data are gathered, a hypothesis is formulated from these data, and the hypothesis is empirically tested.

Ivan Pavlov

A Russian physiologist known for his work in classical conditioning, particularly his experiments with dogs, leading to the concept of the Pavlovian response.

Learning Objectively

The process of acquiring knowledge or skills in a way that is not influenced by personal feelings, interpretations, or prejudice.