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Sector Corting purchased 57.000 of supplies and paid cash immediately. Which of the following uneral journal entries will specter Consulting make to record this transaction Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts. 2.000 Ch Supplies supplies 7.000 7.00 Puppies 7.000 uppies per Accounts Payable
QUESTION 21 Alejandro Consulting paid $2.500 cash for a month insurance policy that begins on March. Given the choices below, determine the general journal entry that Alejandro Consulting will make to record the cash payment. Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts. insurance Expense 2.500 cash 2.500 2.500 cash Insurance Expense prepaid insurance 2 2500 Insurance Expense prepaid insurance
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