Gonzalez Corporation purchased a $600 two-year insurance policy for cash. The journal entry would require x. debit to Prepaid Insurance and a credit to Cash. debit to Insurance Expense and a credit to Retained Earnings. debit to Insurance Expense and credit to Cash. debit to Insurance Expense and a credit to Accounts Payable. One of the customers of Dunkelberger Roofing, Inc. paid $223 on her bill. The journal entry that Dunkelberger Roofing, Inc. would record is: debit Cash and credit Accounts Receivable. debit Cash and credit Sales. debit Accounts Receivable and credit Cash. debit Accounts Receivable and credit Sales. The matching (expense recognition) principle in accounting requires the matching of