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85. Pilot Company reported the following information for 2015 and 2016. Prepaid insurance, December 31, 2015 $2,400 Prepaid insurance, December 31, 2016 1,500 Insurance expense--2016
85. Pilot Company reported the following information for 2015 and 2016.
Prepaid insurance, December 31, 2015 $2,400
Prepaid insurance, December 31, 2016 1,500
Insurance expense--2016 14,200
How much cash was paid for insurance during 2016?
a. $13,300
b. $14,200
c. $15,100
d. $15,700
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