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31 October, 08:58

Assume that $18,300 cash is paid for insurance to cover the next year. The appropriate debit and credit are:

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Answers (2)
  1. 31 October, 10:31
    0
    Debit prepaid insurance 17900

    credit cash 17900
  2. 31 October, 10:40
    0
    I think yo have in debit the insurance 18, 300$, because it increases. You have in credit cash-box, because you pay in cash and it decreases with 18, 300$.
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