Which will be part of the resulting adjusting entry, Accounting Basics

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Which will be part of the resulting adjusting entry

Question: If an employer prepays an estimated insurance premium for workers' compensation insurance at the beginning of the year, and then owes the insurance company at year-end after the actual insurance premium is calculated, which of the following will be part of the resulting adjusting entry? Multiple Choice a debit to an asset account a credit to an expense account a credit to a liability account O a debit to a revenue account

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Accounting Basics: Which will be part of the resulting adjusting entry

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