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Supermeg Dry Cleaners Had the Following Payroll Data for Its

Question 31

Multiple Choice

Supermeg Dry Cleaners had the following payroll data for its May 14 pay date: Supermeg Dry Cleaners had the following payroll data for its May 14 pay date: When the firm remits its health insurance premium for this pay date, what is the General Journal entry? A) Debit Cash $13,618.71; Credit Health Insurance Payable $13,618.71 B) Debit Cash $27,237.42; Credit Health Insurance Payable $27,237.42 C) Debit Health Insurance Payable $13,618.71; Credit Cash $13,618.71 D) Debit Health Insurance Payable $27,237.42; Credit Cash $27,237.42 When the firm remits its health insurance premium for this pay date, what is the General Journal entry?


A) Debit Cash $13,618.71; Credit Health Insurance Payable $13,618.71
B) Debit Cash $27,237.42; Credit Health Insurance Payable $27,237.42
C) Debit Health Insurance Payable $13,618.71; Credit Cash $13,618.71
D) Debit Health Insurance Payable $27,237.42; Credit Cash $27,237.42

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