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Journal entry worksheet Journal entry worksheet s 2 6 7 On April I, 2021, Bearcat pays an insurance company $12,960 for a two-year fire insurance

Journal entry worksheet

Journal entry worksheet s 2 6 7 On April I, 2021, Bearcat pays an insurance company $12,960 for a two-year fire insurance policy. The entire $12,960 is debited to Prepaid Insurance at the time of the purchase. Record the adjusting entry for insurance at its year-end of December 31. Note: Enter debits before credits. December 31

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