Hi,

I need help with the following question for my systems understanding aid project.

Issued Check No. 1160 for $4,800 to First Security Insurance (Pay to the Order of 260) for the premium on Warens six-month liability insurance policy. The policy period runs from December 1, 2013, to June 1, 2014 Remember to consider the time period to which this expenditure applies How to make transaction on prepaid expense, Other Operating Expenses and cash disbursements journal?