Question
On Septermber 1, the company prepaid a one-year insurance policy for $12,000, and that is the amount on the December 31 unadjusted trial balance. The
On Septermber 1, the company prepaid a one-year insurance policy for $12,000, and that is the amount on the December 31 unadjusted trial balance. The year-end adjusting journal entry would include (choose two accounts and one amount)
Dr. Insuance payable
Cr. Insuance payable
Dr. Insurance expense
Cr. Insurance expense
Dr. Prepaid insurance
Cr. Prepaid insurance
$1,000
$4,000
$8,000
$11,000
$12,000
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Loss Control Auditing A Guide For Conducting Fire Safety And Security Audits
Authors: E. Scott Dunlap
1st Edition
1439828865, 978-1439828861
