Question: How will Cat Lady record the October 8 transaction? (1 mark) a. increase Prepaid Insurance and decrease Cash, $1,500 b. increase both Insurance Expense and

How will Cat Lady record the October 8 transaction? (1 mark) a. increase Prepaid Insurance and decrease Cash, $1,500 b. increase both Insurance Expense and Accounts Payable, $1,620 c. increase both Prepaid Insurance and Accounts Payable, $1,620 d. increase Insurance Expense and decrease Cash, $1,620 e. increase Prepaid Insurance and decrease Cash, $1,620

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