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What account would you record the unused portion of the insurance policy? O 1300 Prepaid Expenses O 8290 Change in Prepaid Insurance O 1000
What account would you record the unused portion of the insurance policy? O 1300 Prepaid Expenses O 8290 Change in Prepaid Insurance O 1000 Cash O 1100 Accounts Receivable Question 6 1 p You sold 80% of the 47 kids (goats) born on your farm at $450/head. You received 75% of the payment at the time of the sale. However, you expect the rest of your money within 3 weeks. Unfortunately, at the end of the year while closing your books, December 31, you did not get the final payment from the sale. If you had no Accounts Receivables at the beginning of the year, calculate the adjustments you must make to your financial statement by answer the following questions. How much money did you make from the sale? O $21,150.00 O $20,000.00 O $15,845.00 O $15,862.50
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