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Which of the following journal entries correctly records paying for a $900 one year insurance policy in advance? A. Prepaid insurance 900 Cash 900 B.

Which of the following journal entries correctly records paying for a $900 one year insurance policy in advance? A. Prepaid insurance 900 Cash 900 B. Insurance expense 900 Prepaid insurance 900 O C. Insurance expense 900 Cash 900 D. Prepaid insurance 900 Insurance payable 900

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