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< mework-help/questions-and-answers/prepaid-insurance-account-named-1200-prepaid-insurance-insurance-expense-accou udy Textbook Solutions Expert Q&A Study Pack The prepaid insurance account is named 1200-Prepaid Insurance The Insurance expense account is named 5200
< mework-help/questions-and-answers/prepaid-insurance-account-named-1200-prepaid-insurance-insurance-expense-accou udy Textbook Solutions Expert Q&A Study Pack The prepaid insurance account is named "1200-Prepaid Insurance" The Insurance expense account is named "5200 - Insurance Expense" The insurance policy costs $5,409 and covers the period from 10/01/2019 to 09/30/2020. The full amount of $5,409 was paid on 09/15/2019 Prepare a schedule that supports the following: Monthly expenses in 2019 for this policy Total balance in the Prepaid Insurance account as of 12/31/2019 related to this policy Total insurance expense for 2019 for this policy Assume that an auditor has requested this support for your company and that the existing Excel support was corrupted and is not recoverabre. Prepare an audit support schedule that you believe will be adequate. Some ideas include formulas, formatting of dollar signs, cell borders and headers. Please include your f of the worksheet.
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