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On December 31, 2019. Aver Corporation paid $20,000 for next year's insurance policy. This transaction should be recorded as follows by Aver: 6 Credit General

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On December 31, 2019. Aver Corporation paid $20,000 for next year's insurance policy. This transaction should be recorded as follows by Aver: 6 Credit General Journal A Insurance expense Insurance payable Debit 20,000 81000 20.000 B Prepaid insurance Insurance payable 20,000 20.000 C Prepaid insurance Cash 20.000 20.000 Insurance expense Cash 20.000 20,000 Multiple Choice On A Open O option

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