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The unadjusted trial balance for Acme Corporation appears as follows: Acme Corporation Trial Balance December 31, 2025 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated
The unadjusted trial balance for Acme Corporation appears as follows: Acme Corporation Trial Balance December 31, 2025 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $300 522 82 180 4,000 debit to Insurance Expense for $62. debit to Prepaid Insurance for $20. credit to Prepaid Insurance for $20. O debit to Prepaid Insurance for $62. 1,000 500 $6,584 $600 384 1,200 1,400 3,000 $6,584 If on December 31, 2025, the insurance still unexpired amounted to $20, the adjusting entry would include a
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