Which the adjusting journal entry would include a

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Question 1: On March 1, 20x3, Jimenez purchased a one-year insurance policy for $2,400. On that date, Jimenez debited insurance expense for $2,400. If Jimenez desires to prepare financial statements at the end of March, the adjusting journal entry would include a

A. debit to insurance expense for $2,400
B. debit to insurance expense for $200
C. credit to insurance expense for $2,200
D. credit to prepaid insurance for $2,200
E. None of these

Reference no: EM132898838

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