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On March 1st, Alejandro Consulting paid $2,500 cash for a 5-month insurance policy that begins that day. Given the choices below, determine the general journal
On March 1st, Alejandro Consulting paid $2,500 cash for a 5-month insurance policy that begins that day. Given the choices below, determine the general journal entry that Alejandro Consulting will make to record the cash payment. Question 15 options: Account Title Debit Credit Insurance Expense 2,500 Cash 2,500 Account Title Debit Credit Cash 2,500 Insurance Expense 2,500 Account Title Debit Credit Cash 2,500 Prepaid Insurance 2,500 Prepaid Insurance 2,500 Cash 2,500
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