 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Adjusting entries- paid 1,680 cash on one yr insurance and now one twelfth insurance
I'm processing a trial balance and adjusting the entries.
The journal entry is for paid cash $1,680 on one year insurance effective March 1. The journal entry is debit prepaid insurance and credit cash. For the adjustment one twelfth of the insurance expired. Where is that posted on the adjustments. |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
Performed services for patients with dental plan insurance. $680 dollars of service was earned by not yet billed
The balance in the prepaid insurance account, before adjustment at the end of the year, is $9,050. Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment: A. The amount of insurance expired during the year is $6,880. A. ...
On June 1, 2010, Bere Co. paid $4,500 to Sting Insurance Company for a one-year insurance policy. Bere Co. has a December 31 fiscal year end and adjusts accounts annually. Complete the following for Bere Co. 1.Prepare the June 1, 2010, journal entry. 2.Calculate the amount of insurance...
An examination of the prepaid Insurance account shows a balance of $10,280 at the end of an accounting period, before adjustment. Prepare entries in journal form to record the insurance expense for the period under the following independent assumptions: 1. An examination of the insurance...
Not sure exactly how to figure this or even to record it, here is what it looks like in my book: XX's accounting records include the following account balances: December 31, ...
View more questions Search
|
