Question
On Dec 31, 2019, Tyge, Inc. prepaid $8,000 of insurance for Jan through Dec. 2020. On Dec. 31, 2019, when Tyge, Inc. made this payment
On Dec 31, 2019, Tyge, Inc. prepaid $8,000 of insurance for Jan through Dec. 2020. On Dec. 31, 2019, when Tyge, Inc. made this payment they debited expensed it by mistake.
1. Tyge, Inc. realizes its error in 2020. What journal entry would they make to correct current account balances? (Ignore tax effects)
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Data Communications Network Auditing How To Save Hundreds Of Thousands Of Dollars And Still Improve Network Response Time Network Performance And Network Availability
Authors: Bruce Griffis
1st Edition
0936648937, 978-0936648934
