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Kiss the Cook, a cooking school, purchased a two-year insurance policy on April 1, 2020, paying cash of $7,680. It's year end is December 31.
Kiss the Cook, a cooking school, purchased a two-year insurance policy on April 1, 2020, paying cash of $7,680. It's year end is December 31. Question 4 (1 point) Listen Record the journal entry on April 1, 2020. (Do not use commas for dollar amounts.) Dr. Cr. A $ A A/ +A Question 5 (1 point) Listen Record the AJE on December 31, 2021. (Do not use commas for dollar amounts.) Hint: First divide by 24 months (hints will not be provided in actual tests) Dr. Cr. a EA Question 6 (1 point) Listen What is the balance in the prepaid insurance account at Dec. 31, 2021? (hint: use a t-account)
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