Question: Return to question 7 Exercise 3-1 Determining assets and expenses for accrual and cash accounting LO CI 1432 point On December 1, 2017, a company

Return to question 7 Exercise 3-1 Determining assets and expenses for accrual and cash accounting LO CI 1432 point On December 1, 2017, a company paid an $18,900 premium on a 36-month Insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table Answer is not complete Balance Sheet Prepaid Insurance Accrual Basis s 15 750 Cash Basis $ Income Statement Insurance Expense Accrual CAN Bass $ 3150 Bals 2017 x 9.450 2018 6.300 Dec 31 2017 Dec 31 2013 Dec 31 2019 Dec 31 2020 OS 3.150 0 2019 6300 0 2020 150 Total 18 900 S

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