Question: Analyze each situation and indicate the correct dollar amount for the adjusting entry. 1. Amount of insurance expired is $900. 2. Amount of unexpired insurance

Analyze each situation and indicate the correct dollar amount for the adjusting entry.

1. Amount of insurance expired is $900.


(Balance Sheet) (Income Statement) Insurance Expense Prepald Insurance 1,300 TB Adj. Adj. Bal.


2. Amount of unexpired insurance is$185.

Analyze each situation and indicate the correct dollar


(Balance Sheet) (Income Statement) Insurance Expense Prepald Insurance 1,300 TB Adj. Adj. Bal.

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