[Solved] Journal entry August 31: Paid $2,400 for

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

Journal entry August 31: Paid $2,400 for a 12-month insurance policy. Policy effective dates are September 1 through August 31. Response: It was just asking

Journal entry August 31: Paid $2,400 for a 12-month insurance policy. Policy effective dates are September 1 through August 31.

Response: It was just asking me to provide a journal entry for this. There is no additional information, also it is a two part question i have added the other question below.

December 31: Book expense for insurance during September 1December 31.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

AML Auditing Understanding Transaction Monitoring

Authors: Bob Walsh

1st Edition

ISBN: 1539519740, 978-1539519744

More Books

Students also viewed these Accounting questions

Question

★★★★★

1. How does The Boomer Technology Circle illustrate the concept of the bidirectional service supply relationship? 2. How has Boomer Consulting, Inc., made the client a co-producer in the service...

Answered: 1 week ago

Question

★★★★★

Question 3 Consider each of the following situations: (a) Mr P. Entity A 70% 30% Entity B Mr P controls entity A and is able to extract significant influence over entity B (b) Mr P Entity A 25% 30%...

Answered: 1 week ago

Question

★★★★★

Boreal mixedwood forests have been commercially logged for conifers, transected by roads and seismic cutlines, and regionally fragmented by agricultural practices. Most recently, Alberta's public...

Answered: 1 week ago

Question

★★★★★

When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction. The bids for the jobs consisted of promises of future profit streams...

Answered: 1 week ago

Question

★★★★★

KADS, Incorporated, has spent $ 4 0 0 , 0 0 0 on research to develop a new computer game. The firm is planning to spend $ 2 0 0 , 0 0 0 on a machine to produce the new game. Shipping and installation...

Answered: 1 week ago

Question

★★★★★

8. Problem 16.12 Click here to read the eBook: The AFN Equation Problem Walk-Through EXCESS CAPACITY Earleton Manufacturing Company has $3 billion in sales and $800,000,000 in fixed assets....

Answered: 1 week ago

Question

★★★★★

What is the meaning and definition of E-Business?

Answered: 1 week ago

Question

★★★★★

Ajith Co. reported $850,000 in Sales, $ 246000 in Cost of Goods Sold, and Net Income of $150,000. What were ajith Co.s Operating Expenses? A. $345000 B. $454000 C.$654000 D.$246000

Answered: 1 week ago

Question

★★★★★

1.When was the Declaration of Independence signed? 2. The United States bought Alaska from which country? 3.Who was the fourth president of the United States? 4.In what year was the Vietnam Veterans...

Answered: 1 week ago

Question

★★★★★

Why don't we use y (gama) rays to study the interior of the objects, instead of using x-rays? Because similar to x-rays, y-rays are also not deflected by the electric and magnetic fields and also...

Answered: 1 week ago

Question

★★★★★

Can external sound vibrations be manipulated to induce sensations within the body?

Answered: 1 week ago

Question

★★★★★

4. Think about a co-culture (age, sexual orientation, socioeconomic status, race, religion, and so on) with which you identify. Then make a list of stereotypes that are associated with that group. In...

Answered: 1 week ago

Question

★★★★★

3. Describe the ways that communicators create meaning with language

Answered: 1 week ago

Question

★★★★★

1. Describe the power of languagethe system of symbols we use to think about and communicate our experiences and feelings

Answered: 1 week ago

Previous Question Next Question