The Adjusting Entry to Account for the Expiration of Prepaid

question 94

Multiple Choice

The adjusting entry to account for the expiration of prepaid insurance consists of:

• A)a debit to Accumulated Depreciation and a credit to Prepaid Insurance.
• B)a debit to Insurance Expense and a credit to Prepaid Insurance.
• C)a debit to Insurance Expense and a credit to Accumulated Depreciation.
• D)a debit to Prepaid Insurance and a credit to Accumulated Depreciation.

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Definitions:

Panathenaic Frieze

A marble frieze that once adorned the Parthenon in Athens, depicting the procession of the Panathenaic Festival, the greatest religious festival of ancient Athens.

Apotheosis

Elevated to the rank of gods, or the ascent to Heaven.

Christianity

A monotheistic religion based on the life and teachings of Jesus Christ, emphasizing love and redemption.

Early Fourth Century CE

A period marking the early years of the 4th century (the 300s), significant for the spread of Christianity and Roman architectural advancements.