17. You purchase $1200 of insurance at the beginning of the year. After one month you should debit insurance expense by the amount of __________________and credit prepaid insurance for the same amount.

18. The report you run to see if debit equal credits after doing the adjusting entries is called the adjusting trial balance.

19. Assume you buy a computer for $2,400 and you expect the computer to last for two years. At the end of each month, you should debit depreciation expense by the amount of ________________and credit accumulation-computers by the same amount.

20. The reduction in the value of an asset over time due to use