Insurance paid by credit transfer was recorded in the accounting records as $86 instead of $68. Which double entry would rectify this error?
- Aaccount debited: bank \$18; account credited: insurance \$18
- Baccount debited: bank \$68; account credited: insurance \$68
- Caccount debited: insurance \$18; account credited: bank \$18
- Daccount debited: insurance \$68; account credited: bank \$68