Ex 3-15 and Ex 3-16

Oui SHOW ME HOW The prepaid insurance account had a balance of $3,000 at the beginning of the year. The acco EX 3-15 Adjusting entries for prepaid insurance was debited for $32,500 for premiums on policies purchased during the year. Journalize the adjustment: (A) the amount of unexpired insurance applicable to future periods is SAS adjusting entry required under each of the following alternatives for determining the amo (B) the amount of insurance expired during the year is $30,700. Obj. 21 The balance in the unearned fees account, before adjustment at the end of the year, is $977 EX 3-16 Adjusting entries for uneared and accrued fees have not been billed. Journalize the adjusting entries (A) to adjust the unearned fees account and (B) to record the accrued fees. SHOW ME HOW