Question: On January 1 , 2 0 1 9 , you paid $ 2 4 , 0 0 0 for your liability insurance for one year.

On January 1,2019, you paid $24,000 for your liability insurance for one year. Journalize the transaction on January 1,2019 and June 30,2019, and December 31,2019.
January 1,2019
June 30,2019
December 31,2019
On January 1,2019, you paid $24,000 for your liability insurance for

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Revise these sentences to be positive rather than negative. a. To avoid damage to your credit rating, please remit payment within 10 days. b. We don't offer refunds on returned merchandise that is...

Q:

set up the T-acxounts and also the dates Check my Fast Deliveries, Incorporated (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the...

Q:

Prepare the shareholders' equity section of the balance sheet at December 3 1 , 2 0 2 4 , including any required disclosures. Assume Sunland is reporting under ASPE. ( Enter account name only and do...

Q:

Laughlin Enterprises issues a $ 1 3 0 , 0 0 0 , 4 5 - day, 6 % note to Morrison Industries for merchandise inventory. Required: a . Journalize Laughlin Enterprises entries to record ( refer to the...

Q:

Laughlin Enterprises issues a $ 1 3 0 , 0 0 0 , 4 5 - day, 6 % note to Morrison Industries for merchandise inventory. Required: a . Journalize Laughlin Enterprises entries to record ( refer to the...

Q:

Hi can I get someone to help me with this accounting problem I have been stuck on please? Be sure to write the answer according to the problem prompted. Thank you in advance :) Instructions Chart of...

Q:

Question 6. Jeff Douglas believes strongly that they should help fully fund the equivalent of a state university education (4 years) for Paul and Marcy. Both sets of grandparents have volunteered to...

Q:

On January 1 , 2 0 2 4 , Sunland Ltd . had the following shareholders' equity accounts: Common shares ( 9 0 0 , 0 0 0 issued ) $ 1 , 3 5 0 , 0 0 0 Retained earnings 1 , 6 2 0 , 0 0 0 The compary was...

Q:

paid $11,000 on the m and signed a on the 31 (the useful life of 10 years and an e - for decrease) of each transaction (on January 1, 2, 3, and 5) on the the 4. What s Jan 02 Jan 03 9 Homework...

Q:

Laughlin Enterprises issues a $ 1 3 0 , 0 0 0 , 4 5 - day, 6 % note to Morrison Industries for merchandise inventory. Required: a . Journalize Laughlin Enterprises entries to record ( refer to the...

Q:

Business Description: You will assume the role of a young entrepreneur eager to start a small company. As a start up company, your plan is as follows: Rent a retail kiosk inside the Galleria Mall...

Q:

Describe to Brad how he could benefit from a PPO. Are there any negative factors Brad needs to know about if he seriously considers switching to a PPO? Consider Brads cash flow situation from the...

Q:

The Voldomort Company was about to submit their financial statements for 888 to the auditor when Ron Weasley, junior accountant ran into the office of Harry Potter, CEO, screaming "we haven't...

Q:

Write the first five terms of the series with general term an = ( 1 ) n 3 n ( 2 n ) ! .

Q:

The mean salary of federal government employees on the General Schedule is $59,593. The average salary of 30 state employees who do the similar work is $58,800 with standard deviation of $1500. At...

Q:

For the following data: 12.5, 11.9, 8.8, 13.6, 15.4, 11.6, 9.3, 8.1 find the coefficient of variation.

Q:

A man has eleven friends; in how many ways can he invites: a. Five friends to dinner. b. Five friends to dinner, two of them are married and must be present together. c. Five friends to dinner, two...

Q:

he following data refer to nanis fashions for the current year sales revenues $475,000 work in process inventory, 31 december 15,000 work in process inventory, 1 january 20,000 selling and...

Q:

Marketers appreciate consumers who engage in _ _ _ _ _ _ _ _ Blank, buying their company's product with little thought or consideration of alternatives, such as subscription purchases.

Q:

How does your message use nonverbal communication?

Q:

Is the action/response consistent with the mission of this source? If no, explain the inconsistency.

Q:

What reactive strategies might you develop?