Indicate whether the debit or credit total is higher and by
The payment of an insurance premium of $5,400 for a three-year policy was debited to Prepaid Insurance for $5,400 and credited to Cash for $4,500. Indicate whether the debit or credit total is higher and by how much.
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the payment of an insurance premium of 5400 for a three-year policy was debited to prepaid insurance for 5400 and
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