Question: How will FFU record the April 3 transaction? 0 a] Increase both Insurance Expense and Accounts Payable. $2,592 0 bl Increase Prepaid Insurance and decrease

How will FFU record the April 3 transaction? 0 a] Increase both Insurance Expense and Accounts Payable. $2,592 0 bl Increase Prepaid Insurance and decrease Cash, $2,400 0 Cl Increase both Prepaid Insurance and Accounts Payable, $2,592 0 5} Increase Insurance Expense and decrease Cash, $2,592 0 Bl Increase Prepaid Insurance and decrease Cash, $2,592

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