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Sorry, Credit General & Administrative for $30,000... not cash... I didn't see that part initially.

Debit Prepaid Insurance for $30,000 and Credit Cash for $30,000
Each month, the prepaid insurance is amortized or expensed at the rate of 1/36 x $30,000 = $833.33
So, at 12/31, you would have...

It is not the same as an aging, however you are correct, it is simply a listing of all the customer accounts and the total due from each customer. The total should agree to the general ledger...