marshall592
Feb 12, 2012, 09:08 AM
ABC company records its adjusting entries at the end of every month. The following accounts were taken from the adjusting trial balance of ABC company at January 31, 2010:
Prepaid Insurance: 6000
Insurance Expense: 400
The insurance policy was a 2 year policy which purchased.
Calculate the number of months of the insurance policy that have been used up. Assume year end is December 31.
Prepaid Insurance: 6000
Insurance Expense: 400
The insurance policy was a 2 year policy which purchased.
Calculate the number of months of the insurance policy that have been used up. Assume year end is December 31.