View Full Version : Preparing adjusting entries
smking
Mar 28, 2008, 05:54 AM
One-third of the work related to 15,000 cash received in advance is performed this period
smking
Mar 28, 2008, 06:09 AM
The prepaid insurance account had a 6,000 debit balance at December 31,2008 before adjusting for the cost of any expired coverage. An analysis of the company's insurance policies showed that 1,100 of unexpired insurance coverage remains.
CaptainForest
Mar 28, 2008, 01:28 PM
Dr. Unearned Revenue 5,000
Cr. Revenue 5,000
Dr. Insurance Expense 4,900
Cr. Prepaid Insurance 4,900
derenda
Jan 28, 2009, 11:43 AM
Dr. Unearned Revenue 5,000
Cr. Revenue 5,000
Dr. Insurance Expense 4,900
Cr. Prepaid Insurance 4,900
Don't want seem dumb but how did you get that answer