On March 1, 2013, a company paid an $18,000 premium on a 36-month insurance policy for coverage

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On March 1, 2013, a company paid an $18,000 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table.

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Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Question Posted: Apr 23, 2015 02:52 AM

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On March 1, 2013, a company paid an $18,000 premium on a 36-month insurance policy for coverage

Question:

Balance Sheet Prepaid Insurance Asset Using Insurance Expense Using Accrual Cash Basis Accrual Basis Cash Basis Basis Dec. 31, 2013 Dec. 31, 2014 Dec. 31, 2015 Dec. 31, 2016 $ 2013 $ 2014 2015 2016 Total $ $

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Fundamental Accounting Principles

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