Which Account Is Debited in the Adjusting Entry to Record

question 163

Multiple Choice

Which account is debited in the adjusting entry to record insurance expired during the current period?

• A)Prepaid Insurance
• B)Insurance Expense
• C)Accrued Insurance
• D)Insurance Payable

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Definitions:

Procrastination

Putting off until later the things a person should be doing now.

Systemic Disorder

A condition that affects multiple organs or systems within the body, often leading to complex health issues.

Low Self-Esteem

A condition where a person holds a diminished or negative view of their worth or capabilities.

Insecurity

Feelings of uncertainty or anxiety about oneself; lack of confidence.