Question

The following information is taken from Camara Company’s unadjusted and adjusted trial balances.
Given this information, which of the following is likely included among its adjusting entries?
a. A $400 debit to Insurance Expense and an $800 debit to Interest Payable.
b. A $400 debit to Insurance Expense and an $800 debit to Interest Expense.
c. A $400 credit to Prepaid Insurance and an $800 debit to Interest Payable.


$1.99
Sales0
Views61
Comments0
  • CreatedApril 23, 2015
  • Files Included
Post your question
5000