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Return to question 1 On June 1, 2015, a company paid an $21600 premium on a 36-month insurance policy for coverage beginning on that date.

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Return to question 1 On June 1, 2015, a company paid an $21600 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table. 15 Balance Sheet Prepaid Insurance Accrual Basis $ 17,400 Answer is complete but not entirely correct. Income Statement Insurance Expense Cash Accrual Cash Basis Basis Basis 2015 $ 4,200 $ 21,600 7,200 10.200 2016 Dec 31, 2015 Dec 31, 2016 Dec 31, 2017 Dec 31, 2010 7,200 2017 200 3,000 3,000 2018 Total S 21,600 $ 21,600

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