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pointa You almost injured someone during a delivery run. You decide it might be prudent for your business to purchase an insurance policy. ABC SWEETS

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pointa You almost injured someone during a delivery run. You decide it might be prudent for your business to purchase an insurance policy. ABC SWEETS Corp buys an Insurance policy for the 10 weeks of summer, including this week, for $180 payable in cash in advance. What changes on the Balance Sheet? O Cash-decrease of $180, Earnings WTD - decrease of $180 O Cash-decrease of $180, Accounts Receivable - increase of $180 Cash - decrease of $180, Prepaid expense - increase of $162, Earings WTD - decrease of $18 The Balance Sheet is not affected

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