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    breezy2390's Avatar
    breezy2390 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 17, 2008, 03:09 AM
    Adjusting entries
    Im Tryna Do My Adjusting Entry For This Problem It Says One Twelve Of Insurance Expired. They Paid 1800 For One Year Insurance Policy That Was Effective July First. So What Will Be My Adjusting Entry
    MaggieMouse's Avatar
    MaggieMouse Posts: 226, Reputation: 8
    Full Member
    		  
    #2

    Apr 17, 2008, 06:23 AM
    Dr. Insurance Expense, Cr. Prepaid Insurance. Amount should be whatever the portion of the payment is.
    banjoplayer's Avatar
    banjoplayer Posts: 4, Reputation: 1
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    #3

    Apr 18, 2008, 06:09 PM
    if the original amount is 1800... and ine twelfth has be utilized then the formula is as follows... 1800 divided by 12 =150(1800-150=1650 remaining)
    gredbone60's Avatar
    gredbone60 Posts: 1, Reputation: 1
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    #4

    Apr 18, 2008, 10:42 PM
    What is the formula for inventory landed costs? Thank you
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #5

    May 3, 2008, 09:23 PM
    Quote Originally Posted by gredbone60
    what is the formula for inventory landed costs? thank you
    Please start a new thread for your question.
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