Hey, just wondering how I find Insurance expense & Prepaid insurance when when
Jan 1st the balance is $600 and I
Apr. 30 is $2,400.
HELP please:(

On January 1, there is a prepaid insurance amounting to $600 for the month of January.So the journal entry will be
Jan 1 Prepaid insurance a/c DR 600
To cash a/c 600
Similarly for each month through the month of April, prepaid insurance will be debited by $600. And on April 30, one adjustment entry will be passed.that is

Insurance a/c DR 2400 (600*4)
To prepaid insurance a/c 2400