DROP DOWN LIST INCLUDES:

ACCOUNTS PAYABLE

ACCOUNTS RECEIVABLE

CASH

CONSULTING REVENUE

COST OF GOODS SOLD

NOTES PAYABLE

NOTES RECEIVABLE

PREPAID EXPENSES

On June 1, the company paid $4,800 in advance for two years of insurance coverage. Complete the necessary journal entry. View transaction list Journal entry worksheet Record the $4,800 paid in advance for two years of insurance coverage. Note: Enter debits before credits. General Journal Debit Credit Date June 01 Record entry Clear entry View general journal