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On December 31, 2014, Avery Corporation paid $25,000 for next year's insurance policy. This transaction should be recorded as follows by Avery General Journal Debit
On December 31, 2014, Avery Corporation paid $25,000 for next year's insurance policy. This transaction should be recorded as follows by Avery
General Journal Debit Crexdii 25,000 A. Insurance expense Insurance payable 25,000 B.Prepaid insurance 25,000 Insurance payable 5,000 C. Prepaid insurance 25,000 25,000 D. Insurance expense 25,000 Cash 25,000 Option D 0 Option A Option C O Option B
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