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Bertram Company paid $4,000 for an annual insurance premium. The journal entry to record this payment will include O a debit to Prepaid Insurance
Bertram Company paid $4,000 for an annual insurance premium. The journal entry to record this payment will include O a debit to Prepaid Insurance and a credit to Cash. a debit to Insurance Expense and a credit to Prepaid Insurance. a debit to Retained Earnings and a credit to Cash. O a debit to Prepaid Insurance and a credit to Accounts Payable.
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Accounting Information Systems basic concepts and current issues
Authors: Robert Hurt
3rd edition
130855849X, 978-1308558493, 78025338, 978-0078025334
