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Business, 29.04.2021 21:50 jjimenez0276

On December 31, 2016, Avery Corporation paid $15,000 for next year's insurance policy. This transaction should be recorded as follows by Avery: General Journal Debit Credit A. Insurance expense 15,000 Insurance payable 15,000 B. Prepaid insurance 15,000 Insurance payable 15,000 C. Prepaid insurance 15,000 Cash 15,000 D. Insurance expense 15,000 Cash 15,000

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On December 31, 2016, Avery Corporation paid $15,000 for next year's insurance policy. This transact...
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