kthymae8
Aug 27, 2013, 05:22 AM
Preparing Adjusting Entries at Year-End
Paid P24, 000 for a 1-year fire insurance policy to commence on Sept. 1. The amount of premium was debited to Prepaid Insurance.
Paid P24, 000 for a 1-year fire insurance policy to commence on Sept. 1. The amount of premium was debited to Prepaid Insurance.