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What account increases and what account decreases as a result of the following transaction in October 2019: Paid insurance for the following 12 months ?
What account increases and what account decreases as a result of the following transaction in October 2019: Paid insurance for the following 12 months "?
a. | Prepaid insurance account decreases & cash account decreases | |
b. | Insurance expense account increases & cash account decreases | |
c. | Insurance expense account decreases & cash account decreases | |
d. | Prepaid insurance account increases & cash account decreases | |
e. | Prepaid insurance account increases & Insurance expense account increases |
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