Adjusted trial balance on prepaid insurance?

wilshenr818 Posts: 1, Reputation: 1

New Member

Oct 7, 2011, 07:36 AM

Adjusted trial balance on prepaid insurance?

The company purchased an 18 month prepaid insurance policy for 15,894 at 2300 per month. How much insurance is left?

Check out some similar questions!

Trial Balance Worksheet, Adjustments & Adjusted Trial Balance [ 4 Answers ]

I'm trying to do a Trial Balance worksheet and this is what I have to do, I believe these go in the adjustments section. a. Unexpired insurance balance at December 31, 2008: $2,500 b. Supplies on hand at December 31, 2008: $500 c. Depreciation on building for the...

Prepaid insurance of rs15120 adjusted with current year's insurance charges [ 0 Answers ]

In tally accounts what is the journal entry of this transaction?

Prepaid insurance is a asset account with a debit balance. When that months prepaid I [ 1 Answers ]

Prepaid insurance is a asset account with a debit balance. When that months prepaid insurance is expired, the prepaid account is credited for 1 months rent and the insurance expense account is debited for that amount also. Why is the insurance expense debited or increased. Shouldn’t it be decreased?

Trial Balance & Adjusted Trial Balance [ 1 Answers ]

I have a question that doesn't seem to make too much sense. Can anyone explain this to me? Which of the accounts below would appear on an adjusted trial balance but probably would not appear on the trial balance? -Fees Earned -Accounts Receivable -Unearned Fees -Depreciation Expense The...

View more questions Search

Check out some similar questions!

Add your answer here.