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A corporation paid insurance premiums of $10,000. The following balance were taken. December 31, 2020 December 31, 2019 Prepaid Insurance 1,500 1,100 Amount of insurance
A corporation paid insurance premiums of $10,000. The following balance were taken.
December 31, 2020 | December 31, 2019 | |
Prepaid Insurance | 1,500 | 1,100 |
Amount of insurance expense reported in 2020 is?
a. 9,600
b. 11,700
c. 10,00
d. 9,200
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