Question: On February 1, Risa Inc. purchases a one year Amazon Prime membership for $120 Cash. Prepare the journal entry to record the February 1 transaction.

On February 1, Risa Inc. purchases a one year Amazon Prime membership for $120 Cash.

Prepare the journal entry to record the February 1 transaction.

DR: Expense, Cash, Prepaid Expense, or Accrued Expense (Amount: 120,10)

CR: Accrued Expense, Prepaid Expense, or cash (Amount: 120,10)

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