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QUESTION 3 For each of the following transactions for the Antl Company, indicate the account that is debited, the account that is credited, and
QUESTION 3 For each of the following transactions for the Antl Company, indicate the account that is debited, the account that is credited, and the amount for each. Choose from the account name abbreviations below AND PLEASE SPELL THEM CORRECTLY IN YOUR ANSWER or Blackboard will mark your answer wrong. CASH Cash, PPDINS = Prepaid Insurance, EQ= Equipment, AD Accumulated Depreciation, UNREV = Unearned Revenue, LP = Loan payalbe, IP = Interest payable, REV Service Revenue, INSEXP = Insurance expense, DEPEXP = Depreciation expense, INTEXP = Interest expense. 1. The Antl Company paid $2,400 for an insurance policy in December, 2017. This insurance policy covers the first six months of 2018. What will Antl record in December, 2017? a. Dr. PPDINS 240 b. Cr. CASH I For Blank 4 2. What will Antl record on January 31, 2018, related to the insurance in part (1)? a. Dr. INSEXP 9 points Save
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