Question 7 2 pts On December 31, 2019, Bendik, Inc. had a balance in its prepaid insurance account of $96,800. During 2020, $172,000 was paid for insurance. At the end of 2020, after adjusting entries were recorded, the balance in the prepaid insurance account was 84,000. Insurance expense for 2020 would be: $12,800. $172,000. $268,800. $184,800. > Question 10 3 pts Brown Insurance Co. collected cash payments of $22,500,000 from its customers in 2019. The balance in "deferred revenue - premiums" account increased from $7.5 million to $10 million during the year. How much will the company recognize in revenue from insurance premiums for the year? $12,500,000. $25,000,000. $22,500,000. $20,000,000. Question 15 2 pts Ceja's Winery needs three months to make wine, 15 months to age it, two months to bottle it, two months to sell it, and one month to collect the receivable. Its operating cycle is: 23 months. 18 months. 12 months. 26 months. Question 18 2 pts A partial trial balance for Garcia Corporation at 12-31-19 included the following: Accounts payable $ 50,000 Bond payable, due 2027 44,000 Salaries payable 32,000 Note payable, due 2019 40,000 Note payable, due 2023 80,000 What amount should be included in the current liabilities section Garcia's balance sheet on 12-31-19? $202,000 $122,000. $82,000. $126,000