Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Accounting Analysis of prepaid account balance (https://www.askmehelpdesk.com/showthread.php?t=730864)

  • Jan 28, 2013, 10:27 AM
    anyoccasionhskp
    Accounting Analysis of prepaid account balance
    The following information relates to action sign company for 20X2
    Insurance expense $4,350 prepaid insurance dec 20X2 $1,900 Cash outlays for insurance during 20X2 $6,200
    Compute the balance in the prepaid insurance account on January 1, 20X2
  • Jan 28, 2013, 11:53 AM
    pready
    Take your Prepaid account beginning balance and add your cash outlay minus your insurance expense to get your ending Prepaid account balance.

    • All times are GMT -7. The time now is 06:43 AM.