Question: X Your answer is incorrect. Which accounts are affected when insurance is paid in advance? O Prepaid Insurance decreases and Cash increases. Prepaid Insurance

X Your answer is incorrect. Which accounts are affected when insurance is

X Your answer is incorrect. Which accounts are affected when insurance is paid in advance? O Prepaid Insurance decreases and Cash increases. Prepaid Insurance increases and Cash increases. O Cash increases and Insurance Expense decreases. O Cash decreases and Prepaid Insurance increases.

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