Business, 13.03.2020 05:03 arppy

The entry to close the appropriate insurance account at the end of the accounting period is to debit:
A) Income Summary; credit Prepaid Insurance.
B) Prepaid Insurance; credit Income Summary.
C) Income Summary; credit Insurance Expense.
D) Insurance Expense; credit Income Summary.

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The entry to close the appropriate insurance account at the end of the accounting period is to debit...