Question: need help on how to record this in the general journal 4/7 Paid $960 and $450 to American Insurance for 6 months, April - September,
4/7 Paid $960 and $450 to American Insurance for 6 months, April - September, To bril - September, for workers compensation (comp) and business owner's insurance respectively, che the entire amount to prepaid insurance. Next, make a general journal entry as of 4/30/2019 to record the expiration of April insurance, then memorize that lournal entry transaction and Automate Transaction Entry to recur for the next 5 months, both types of insurance may be charged to Insurance Expense. (See the following screen shot] Memorize Transaction Name Insurance Adjustment OK Cancel Add to my Reminders List Do Not Remind Me Automate Transaction Entry How Offen Never Next Date 05/31/2019 Number Remaining Days In Advance To Enter 0
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