gompertza1566
Jun 14, 2014, 06:40 PM
On April 1, 2011, a company paid a $16,200 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table.
Balance Sheet: Prepaid Insurance
Dec. 31, 2011
Accrual Basis:
Cash Basis:
Dec. 31, 2012
Accrual Basis:
Cash Basis:
Dec. 31, 2013
Accrual Basis:
Cash Basis:
Dec. 31, 2014
Accrual Basis:
Cash Basis:
Income Statement: Insurance Expense
Dec. 31, 2011
Accrual Basis:
Cash Basis:
Dec. 31, 2012
Accrual Basis:
Cash Basis:
Dec. 31, 2013
Accrual Basis:
Cash Basis:
Dec. 31, 2014
Accrual Basis:
Cash Basis:
Balance Sheet: Prepaid Insurance
Dec. 31, 2011
Accrual Basis:
Cash Basis:
Dec. 31, 2012
Accrual Basis:
Cash Basis:
Dec. 31, 2013
Accrual Basis:
Cash Basis:
Dec. 31, 2014
Accrual Basis:
Cash Basis:
Income Statement: Insurance Expense
Dec. 31, 2011
Accrual Basis:
Cash Basis:
Dec. 31, 2012
Accrual Basis:
Cash Basis:
Dec. 31, 2013
Accrual Basis:
Cash Basis:
Dec. 31, 2014
Accrual Basis:
Cash Basis: