The entry to close the appropriate insurance account at the end of the accounting period is
A) debit Income Summary; credit Prepaid Insurance
B) debit Prepaid Insurance; credit Income Summary
C) debit Insurance Expense; credit Income Summary
D) debit Income Summary; credit Insurance Expense
D
Business
You might also like to view...
In direct approaches to gathering perception data, respondents are asked to make similarity judgments on pairs of various brands or stimuli
Indicate whether the statement is true or false
Business
The minimum value chain elements a given customer segment anticipates from a given type of retailer is referred as a(n) _____ retail strategy
a. potential b. realized c. expected d. augmented
Business