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On December 31, 2016, Avery Corporation paid $19,000 for next year's insurance policy. This transaction should be recorded as follows by Avery General Journal Debit

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On December 31, 2016, Avery Corporation paid $19,000 for next year's insurance policy. This transaction should be recorded as follows by Avery General Journal Debit Credit A Insurance expense 9,000 Insurance payable 9,000 B. Prepaid insurance 9,000 Insurance payable 19,000 C Prepaid insurance 19,000 Cash 19,000 D. Insurance expense 19,000 Cash 9,000 Option A O Option C O Option D O Option B

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