The trial balance for Greenway Corporation appears as follows:
If, on December 31, 2014, the insurance still unexpired amounted to $10, the adjusting entry would contain a:
A) debit to Prepaid Insurance for $50.
B) credit to Prepaid Insurance for $10.
C) debit to Insurance Expense for $50.
D) debit to Prepaid Insurance for $10.
Correct Answer:
Verified
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