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The trial balance for Greeley Corporation appears as follows: Cash Accounts Receivable Greeley Corporation Trial Balance December 31, 2010 $ 300 Prepaid Insurance Supplies Office
The trial balance for Greeley Corporation appears as follows: Cash Accounts Receivable Greeley Corporation Trial Balance December 31, 2010 $ 300 Prepaid Insurance Supplies Office Equipment Accumulated Depreciation, Office Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense 500 60 140 4,000 $ 800 300 1,000 1,400 3,000 1,000 500 $6,500 $6,500 If, on December 31, 2010, the insurance still unexpired amounted to $15, the adjusting entry would contain a: O debit to Prepaid Insurance for $45. O credit to Prepaid Insurance for $15. O debit to Insurance Expense for $45. O credit to Prepaid Insurance for $15
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