Under the alternative method for recording prepaid expenses, which is the correct set of journal entries? Multiple Choice Initial Entry Adjusting Entry Insurance Expense Prepaid Insurance Cash Insurance Expense Initial Entry Adjusting Entry Prepaid Insurance Prepaid Insurance Cash Insurance Expense Initial Entry Adjusting Entry Prepaid Insurance Insurance Expense Cash Prepaid Insurance Initial Entry Adjusting Entry Prepaid Insurance Cash Insurance Expense Prepaid Insurance Initial Entry Adjusting Entry Cash Prepaid Insurance Insurance Expense Insurance Expense

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