solver

in April 30, 2022, Hawes Company purchased a three-year insurance policy with a cash payment of $23,400. Coverage began imediately. quired: What is the amount of Insurance Expense relating to this insurance policy that will be reported for the year ended December 2022? What is the balance of the Prepaid Insurance account at December 31,2022? Complete this question by entering your answers in the tabs below. hat is the amount of Insurance Expense relating to this insurance policy that will be reported for the year ended December 2022? On April 30, 2022. Hawes Company purchased a three-year insurance policy with a cash payment of $23.400, Coverage began immediately. Required: a. What is the amount of Insurance Expense relating to this insurance policy that will be reported for the year ended December 3 2022? b. What is the balance of the Prepaid Insurance account at December 31, 2022? Complete this question by entering your answers in the tabs below. What is the balance of the Prepaid Insurance account ak December 31,2022