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Ben Ripper pays insurance on his office building for coverage for the following year. He would record this transaction by
A. debiting Prepaid Insurance and crediting Cash.
B. debiting Insurance Expense and crediting Cash.
C. debiting Cash and crediting Prepaid Insurance.
Answer: A
Explanation:
Assets are increased with debits and decreased with credits. The Cash account must be decreased and the Prepaid Insurance account increased by the amount of the payment (Both are asset accounts). This transaction would be recorded as a debit to Prepaid Insurance and a credit to Cash.

NEW QUESTION: 2
You would like to use remote configuration for a series of WLAN security switches. What is the first piece of information you will need?
A. the DNS server name for each security switch
B. the serial number for each security switch
C. the DHCP server address for each security switch
D. the IP address for each security switch
Answer: B

NEW QUESTION: 3
Provider panels can be either narrow or broad. Compared to a similarly sized health plan
that uses a broad provider panel, a health plan that uses a narrow provider panel most likely can expect to
A. Encounter increased difficulty in utilization management
B. Experience higher contracting costs
C. Have to charge higher health plan premiums
D. Experience lower provider relations costs
Answer: D

NEW QUESTION: 4
Match the HTML5 input attributes to the corresponding descriptions. (To answer, drag the appropriate attribute from the column on the left to its description on the right. Each attribute may be used once, more than once, or not at all. Each correct match is worth one point.)

Answer:
Explanation:




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