q10

Help Save & Exit Vitamix Inc. is an industry leader which makes premium jars for blending smoothies. At the beginning of the year, it had a balance in its prepaid insurance account of $48,400. During the year. $86,000 was paid for insurance. At the end of the year, after adjusting entries were recorded, the balance in the prepaid insurance account was $42.000. Insurance expense for the year would be: 9 Multiple Choice $6,400 $134.400 $86,000 $92,400