84) Which of the following adjusting double entries iscorrect for prep

1.	84) Which of the following adjusting double entries iscorrect for prepaid expenses?- A) Debit = Prepaid Expense, Credit = ExpenseB) Debit = Expense, Credit = Prepaid Expensec) Debit = Cash, Credit = ExpenseD) Debit = Prepaid Expense, Credit = Cash
Answer» ANSWER: DEBIT = PREPAID EXPENSE, CREDIT = Cash d)

84) Which of the following adjusting double entries iscorrect for prepaid expenses?- A) Debit = Prepaid Expense, Credit = ExpenseB) Debit = Expense, Credit = Prepaid Expensec) Debit = Cash, Credit = ExpenseD) Debit = Prepaid Expense, Credit = Cash

Answer»

ANSWER:

DEBIT = PREPAID EXPENSE, CREDIT = Cash

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84) Which of the following adjusting double entries iscorrect for prepaid expenses?- A) Debit = Prepaid Expense, Credit = ExpenseB) Debit = Expense, Credit = Prepaid Expensec) Debit = Cash, Credit = ExpenseD) Debit = Prepaid Expense, Credit = Cash​

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84) Which of the following adjusting double entries iscorrect for prepaid expenses?- A) Debit = Prepaid Expense, Credit = ExpenseB) Debit = Expense, Credit = Prepaid Expensec) Debit = Cash, Credit = ExpenseD) Debit = Prepaid Expense, Credit = Cash