The insurance policy covers four years and was purchased by Sneetch on 1/1/13.The adjusting entry on December 31,2013 would include
A) a debit to prepaid insurance for $1,200.
B) a credit to prepaid insurance for $1,200.
C) a debit to insurance expense for $3,600.
D) a credit to prepaid insurance for $3,600.
Correct Answer:
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