Print References True or False True Saved TB 03-52 The amount of the month-end adjusting entry.. The amount of the month-end adjusting entry for Insurance Expense is $1,000. If the entry is not made, then expenses are understated by $1,000 and profit is overstated by $1,000. False Help Save & Exit St

TB 03-52 The amount of the month-end adjusting entry ... overstated by 51,000