jbug9396 jbug9396

11-03-2020
Business

contestada

Yummy Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2016, and charged the $4,320 premium to Insurance expense. At its December 31, 2016, year-end, Yummy Foods would record which of the following adjusting entries?

Insurance expense

900

Prepaid insurance

3,420

Insurance payable

4,320

Insurance expense

900

Prepaid insurance

900

Prepaid insurance

900

Insurance expense

900

Prepaid insurance

3,420

Insurance expense

3,420

Respuesta :

akindeleot akindeleot

11-03-2020

Answer:

Prepaid insurance.......Dr 3,420

To Insurance expense 3,420

(being only 5 months of expenditure to be charged current year and rest to be show as prepaid expenditure)

Explanation:

Answer Link

Otras preguntas

What is the ratio of the area of the inner square to the area of the outer square?

Your friend Stephanie is an artist who wants to make a little bit of money from her work. Her desire is to supplement her income by selling her works without le

K2CO3 = K2O + How to complete this chemical equation so that the chemical reaction is decomposition

Making short story with 5 idoms INSTRUCTIONS 1. Maximum 5 idoms only 2. No more than 5 idoms3. Short story only 4. no need answer like ESSAY.

screen shot is attached , please help

what is metamorphosis

Select the correct answer from each drop-down menu. A toy chest is shown. TUFFETY Which shapes best model the parts of the toy chest? The bottom part of the che

In an essay of approximately 250 words, write an editorial that first describes the origins of political action committees, how they have evolved through promot

Given: \overleftrightarrow{BD} BD B, D, with, \overleftrightarrow, on top is the perpendicular bisector of segment \overline{AC} AC start overline, A, C, en

Triangle XYZ was dilated by a scale factor of 2 to create triangle ACB and sin ∠X = 5 over 5/59 hundredths. Triangles XYZ and ACB; angles Y and C both measure 9