View Full Version : Adjusting entries
breezy2390
Apr 17, 2008, 03:09 AM
Im Tryna Do My Adjusting Entry For This Problem It Says One Twelve Of Insurance Expired. They Paid 1800 For One Year Insurance Policy That Was Effective July First. So What Will Be My Adjusting Entry
MaggieMouse
Apr 17, 2008, 06:23 AM
Dr. Insurance Expense, Cr. Prepaid Insurance. Amount should be whatever the portion of the payment is.
banjoplayer
Apr 18, 2008, 06:09 PM
if the original amount is 1800... and ine twelfth has be utilized then the formula is as follows... 1800 divided by 12 =150(1800-150=1650 remaining)
gredbone60
Apr 18, 2008, 10:42 PM
What is the formula for inventory landed costs? Thank you
morgaine300
May 3, 2008, 09:23 PM
what is the formula for inventory landed costs? thank you
Please start a new thread for your question.