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Posted on Jul 18, 2024

Here is some data from River Birch Company's balance sheet: 12/31/2020 Prepaid Insurance Balance $2,207 12/31/2019 Prepaid Insurance Balance $2,380 Cash paid for insurance policies

Here is some data from River Birch Company's balance sheet:

12/31/2020 Prepaid Insurance Balance $2,207 12/31/2019 Prepaid Insurance Balance $2,380

Cash paid for insurance policies in 2020 $509

What is the amount of insurance expense for 2020?

Round your answer to the nearest whole dollar.

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