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Which journal entry is correct for the following scenario? A payment is made to the health insurance carrier. This payment covers employee deductions and employer
Which journal entry is correct for the following scenario?
A payment is made to the health insurance carrier. This payment covers employee deductions and employer contributions for the previous month's payroll.
A Debit Health Insurance Expense, Credit Cash
B Debit Cash, Credit Health Insurance Expense
C Debit Wages, Credit Health Insurance Payable
D Debit Health Insurance Payable, Credit Cash
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