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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

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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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