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    Darion's Avatar
    Darion Posts: 5, Reputation: 1
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    #1

    Oct 3, 2011, 11:19 PM
    What do you debit when you credit prepaid insurance?
    What do you do in your general journal when you receive money on account
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Oct 4, 2011, 01:51 PM
    When you credit Prepaid Insurance the corresponding Debit will be to Insurance Expense
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