The Adjusting Entry to Record the Amount of Prepaid Insurance

question 39

Multiple Choice

The adjusting entry to record the amount of prepaid insurance used or expired would involve a

• A) debit to Prepaid Insurance.
• B) credit to Cash.
• C) credit to Insurance Payable.
• D) debit to Insurance Expense.

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Definitions:

Gastrologist

Incorrect term for a medical specialist; the correct term is Gastroenterologist, who specializes in diagnosing and treating digestive system disorders.

Cardiomyopathy

Cardiomyopathy is a group of diseases affecting the heart muscle, leading to impaired function and heart failure.

Nephrology

A branch of medicine focusing on the diagnosis and treatment of kidney diseases.

Osteoarthritis

A degenerative joint disease characterized by the breakdown of cartilage and underlying bone, resulting in pain and stiffness, primarily affecting the elderly.