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Q8 Question 8 (1 point) When a company pays three-months insurance in advance it should debit Cash and credit Insurance Expense. debit Prepaid Insurance and

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Question 8 (1 point) When a company pays three-months insurance in advance it should debit Cash and credit Insurance Expense. debit Prepaid Insurance and credit Cash. make no entry until the month the Insurance is due. debit Accounts Payable and credit Prepaid Insurance. The

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