During 2020 Canada Company paid out $20 500 in wages from its bank account. At year-end 2020 wages owing but unpaid were 1800. Cand uses aceruat accounting, How much would be reported as wages expense and wages accrond be for 202017 Select one: a $19 700 and $800 b. $21 700 and zero c. $21 000 and $800 d. $21 300 and $800 Finis 2020-21 >> ACT 112-1 (Lec) >> Principles of Accounting 1 The prepaid insurance account of Canada Traders shows a balance of 51200, representing a payment on July 2020 of a two-year rounce premium. After adjustment on 31 December 2020, the close of the annual accounting periode Select one: a. Insurance expense in the income statement is so and prepaid insurance in the balance sheet is $1200 b, insurance expense in the income statement is $600 and prepaid insurance in the balance sheet is $800. c. Insurance expense in the income statement is $1200 and prepaid insurance in the balance sheet is 50 d. insurance expense in the income statement is $300 and prepaid insurance in the balance sheet is $900