Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

need help on how to record this in the general journal 4/7 Paid $960 and $450 to American Insurance for 6 months, April - September,

image text in transcribed
need help on how to record this in the general journal
4/7 Paid $960 and $450 to American Insurance for 6 months, April - September, To bril - September, for workers compensation (comp) and business owner's insurance respectively, che the entire amount to prepaid insurance. Next, make a general journal entry as of 4/30/2019 to record the expiration of April insurance, then memorize that lournal entry transaction and Automate Transaction Entry to recur for the next 5 months, both types of insurance may be charged to Insurance Expense. (See the following screen shot] Memorize Transaction Name Insurance Adjustment OK Cancel Add to my Reminders List Do Not Remind Me Automate Transaction Entry How Offen Never Next Date 05/31/2019 Number Remaining Days In Advance To Enter 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions