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19, 20, and 21 please C. cash is paid but an expense is never recorded. D. an expense has been recorded but is not yet
19, 20, and 21 please
C. cash is paid but an expense is never recorded. D. an expense has been recorded but is not yet paid. 20. On December 31, 2023, Coolvest, Incorporated had a balance in its prepaid ingurance cocount of 566,400 . During 2024,3104,000 was paid for insurance. At the end of 2024 , after adjusting entries were recorded, the balance in the prepaid insurance socount was 551,000 . Insurance expense for 2024 was: A. $15,400. B. $119,400. C. $104,000. D. $170,400. 21. Yummy Foods purchasod a two-year fire and extended coverege insurnance policy on August 1, 2024, and charged the S4,200 premium to Insurance expense. At its December 31, 2024, year-end, Yummy Foods would record which of the following edjusting entries Step by Step Solution
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