Business, 27.08.2019 22:30, Mickey2018

8. a company paid $1500 cash for an insurance policy providing flood protection for a three-year period. this transaction should be recorded by which of the following entries:
a.$1500 debit to accrued expense and a $1500 credit to cash
b.$1500 debit to unexpired insurance and a $1500 credit to cash.
c.$1500 debit to withdrawals and a $1500 credit to cash.
d.$1500 debit to accounts payable and a $1500 credit to cash.

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8. a company paid $1500 cash for an insurance policy providing flood protection for a three-year per...