Question: On November 1 , 2 0 X 8 , your calendar year company pays $ 1 , 2 0 0 for 1 2 monthsinsurance, recording

On November 1,20X8, your calendar year company pays $1,200 for 12 monthsinsurance, recording it as an expense. Just before closing the books, you realize that noadjusting entry was made. The correct entry must:a. b. c. d. credit an asset account for $1,000credit an expense account for $1,000debit an expense account for $200debit an asset account for $200

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