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    Fmartin1025's Avatar
    Fmartin1025 Posts: 1, Reputation: 1
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    #1

    Dec 11, 2013, 11:06 PM
    Prepaid insurance
    If the prepaid insurance acct has a debit balance of $17,600at the end of the month,before adjustment and if the unexpired insurance at the end of the month was $10,500 the amount of prepaid insurance that would appear on the balance sheet after adjustment is ?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 12, 2013, 06:59 AM
    The amount of prepaid insurance that would appear on the balance sheet has been given to you. It is the same thing as unexpired insurance at the end of the month.
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