Question: I can't come up with the answer to this problem. An analysis of the company's insurance policies provided the following facts. Policy Date of PurchaseMonths

I can't come up with the answer to this problem.

An analysis of the company's insurance policies provided the following facts.

Policy Date of PurchaseMonths of CoverageCost

AApril 1, 2015 24$11,832

BApril 1, 2016 36 10,584

CAugust 1, 201712 9,432

The total premium for each policy was paid in full (for all months) at the purchase date, and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior years.)

This is how I tried solving but incorrect:

April 1, 2015 = $11,832/24 x 9 = $4437

April 1, 2016 = $10,584/36 x 9 = $2646

August 1 2017 = $9432/12 x 5 = $3930

Total expense - $11,013

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