Issued check for $3,840 to Insurance Company for a one-year policy on the building, effective Jan 01

What is your point, or basically, your question?

Debit Prepaid Insurance for the amount and Credit Cash for the amount.

Perhaps you need to get more bids for next year, sounds high?


You need to ask a question here, and also we don't do homework for you, if you want to ask a real question and then also give your idea of a answer we can helpyou.