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Assume that $18,900 cash is paid for insurance to cover the next year. the appropriate debit and credit would be:

Assume that $18,900 cash is paid for insurance to cover the next year. the appropriate debit and credit would be:
asked 8.3k views
5 votes
assume that $18,900 cash is paid for insurance to cover the next year. the appropriate debit and credit would be:

asked
User Goldengil
by
8.3k points

1 Answer

6 votes

Answer:

Debit-Insurance prepaid account

Credit-Cash account

answered
User Karlcow
by
9.0k points
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