Chapter 4 Homework i 1 3.34 points Skipped eBook Ask Print References Complete this question by entering your answers in the tabs below. On November 1, Petree Corporation purchased a six-month insurance policy from The Avenson Agency for $5,400. a. Prepare the necessary adjusting entry for Petree Corporation on November 30, assuming it recorded the November 1 expenditure as Unexpired Insurance. b. Prepare the necessary adjusting entry for The Avenson Agency on November 30, assuming it recorded Petree's payment as Unearned Insurance Premiums. Required A Required B View transaction list Prepare the necessary adjusting entry for Petree Corporation on November 30, assuming it recorded the November 1 expenditure as Unexpired Insurance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Saved 1 help Record the expired portion of insurance premium. Check my work

On November 1, Petree Corporation purchased a six-month insurance policy from The Avenson Agency for $5,400 o. Prepare the necessary ad,usting entry for Petree Corporation on November 30, assuming it recorded the November 1 expenditure as Unexpired tnsurance. b. Prepare the necessary adjusting entry for The Avenson Agency on November 30. assuiming it recorded Petree's payment as Unearned insurance Premiums. complete this question by entering your anwwers in the tabs below. Pripare the necescary adjusting entry for Potree Corporation on November 30 , assuming it reconded the November i oxpenditure as Journal entry worksheet Wecord the expired portion of insurance oremlum