FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

38. LO.2 Rex, age 55, is an officer of Blue Company, which provides him with the following nondiscriminatory fringe benefits in 2013: Hospitalization insurance premiums for Rex and his dependents....

Answered: 1 week ago

Question

★★★★★
Bellvue Company issues 10%, five-year bonds, on December 31, 2010, with a par value of $100,000 and semiannual interest payments. Use the following straight-line bond amortization table and prepare...

Answered: 1 week ago

Question

★★★★★
Analyze the mathematical model given in numerical form. Then answer the questions that follow the numerical model. The total annual revenue for a fast food chain compared to the number of store...

Answered: 1 week ago

Question

★★★★★
QUESTION 1: Alabama Ltd (Chapter 4 - Full Costing) The following information has been taken from the budget for the forthcoming financial year: Direct materials cost 600,0008 Direct materials usage...

Answered: 1 week ago

Question

★★★★★
Garvin (1988) discusses the evolution of quality concepts or philosophies as comprising of five stages. Identify these stages and establish their relevancy to any organisation today. - 3 marks will...

Answered: 1 week ago

Question

★★★★★
Question 14 Which 2 statements about creating scheduled reports are correct? (Select all that apply) Transactions in bank feeds automatically update before scheduled reports are sent You can schedule...

Answered: 1 week ago

Question

★★★★★
W A planar wall (kw = 10- mK' , Lw = 0.5 m) is insulated on one side (q(0) = 0), with a known temperature on both sides (T(0) = 200C, T(L) = 50C). You know that the temperature profile is as follows:...

Answered: 1 week ago

Question

★★★★★
A county government hires lawyers to defend itself in lawsuits. The local government provides its legal staff with an office building. The table below shows how many cases can be handled with...

Answered: 1 week ago

Question

★★★★★
We are at the halfway point of this course and nearly through your time with SDI. It is the perfect time to pause and reflect. Reflect upon the learning experiences you have had so far in your SDI...

Answered: 1 week ago

Previous Question Next Question