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A Check Correctly Written and Paid by the Bank for $628

Question 16

Multiple Choice

A check correctly written and paid by the bank for $628 during May had been incorrectly recorded on Boisclair Company's books for $682.The payment was for prepaid insurance.Use the following tabular analysis to determine the impact of the adjusting entry on Boisclair's accounts: A check correctly written and paid by the bank for $628 during May had been incorrectly recorded on Boisclair Company's books for $682.The payment was for prepaid insurance.Use the following tabular analysis to determine the impact of the adjusting entry on Boisclair's accounts: A) Increase Cash $54 and decrease Prepaid Insurance $54. B) Increase Cash $54 and increase Insurance Expense $54. C) Increase Accounts Payable $54 and increase Prepaid Insurance $54.. D) Decrease Cash $54 and decrease Prepaid Insurance $54.


A) Increase Cash $54 and decrease Prepaid Insurance $54.
B) Increase Cash $54 and increase Insurance Expense $54.
C) Increase Accounts Payable $54 and increase Prepaid Insurance $54..
D) Decrease Cash $54 and decrease Prepaid Insurance $54.

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