The company paid 2,688 for insurance on November 30 for the following twenty four months. Describe the effects of this transaction on the accounting equation
The company paid 2,688 for insurance on November 30 for the following twenty four months.
Describe the effects of this transaction on the accounting equation in terms of debits and credits
assets=liabilities+equity
Prepare the appropriate journal entry for this transaction accountname debit or credit
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Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
9th Edition
032418803X, 978-0324188035
