On March 1,Hoffman paid in advance for four months' insurance.The necessary adjusting entry at March 31 includes which of the following?
A) A credit to Prepaid Insurance for $2,340.
B) A credit to Prepaid Insurance for $780.
C) A debit to Prepaid Insurance for $2,340.
D) A debit to Prepaid Insurance for $780.
Correct Answer:
Verified
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