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UUUUU The Hilton Head Company made the following journal entries and adjusting journal entries at 12/31: Dividend declared $600 Expiration of Prepaid Insurance $1,000 Accrual

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UUUUU The Hilton Head Company made the following journal entries and adjusting journal entries at 12/31: Dividend declared $600 Expiration of Prepaid Insurance $1,000 Accrual of Wages Payable $700 The effect of the three journal entries on Net Income is a decrease of Select one: a. $1,000 b. $1,700 c. $1,300 d. $2,300 O e. $1,600

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