xianajan
Feb 11, 2012, 07:45 PM
The prepaid insurance accounts showed the following Nov. 30.:
Beginning Balance: 35,800
July 1 : 42,000
October 1 : 72,720
The beginning balance represented the unexpired portion of a 1 year policy purchased on September the last year. The July 1 entry represented a new 1 year policy, and the October 1 entry is additional coverage in the form of a 3 year policy.
Beginning Balance: 35,800
July 1 : 42,000
October 1 : 72,720
The beginning balance represented the unexpired portion of a 1 year policy purchased on September the last year. The July 1 entry represented a new 1 year policy, and the October 1 entry is additional coverage in the form of a 3 year policy.