The balance in the prepaid insurance account, before adjustment at the end of the year, is $14,800.
Question:
(a) The amount of insurance expired during the year is $11,200;
(b) The amount of unexpired insurance applicable to future periods is $3,600.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
a Insurance Expense 11200 Prepa...View the full answer
Answered By
Mwangi Clement
I am a tried and tested custom essay writer with over five years of excellent essay writing. In my years as a custom essay writer, I have completed more than 2,000 custom essays in a diverse set of subjects. When you order essays from me, you are working with one of the best paper writers on the web. One of the most common questions I get from customers is: “can you write my essay?” Upon hearing that request, my goal is to provide the best essays and overall essay help available on the web. I have worked on papers in subjects such as Nursing and Healthcare, English Literature, Sociology, Philosophy, Psychology, Education, Religious Studies, Business, Biological Sciences, Communications and Media, Physical Sciences, Marketing and many others. In these fields, my specialties lie in crafting professional standard custom writings. These include, but are not limited to: research papers, coursework, assignments, term papers, capstone papers, reviews, summaries, critiques, proofreading and editing, and any other college essays.
My extensive custom writings experience has equipped me with a set of skills, research abilities and a broad knowledge base that allows me to navigate diverse paper requirements while keeping my promise of quality. Furthermore, I have also garnered excellent mastery of paper formatting, grammar, and other relevant elements. When a customer asks me to write their essay, I will do my best to provide the best essay writing service possible. I have satisfactorily offered my essay writing services for High School, Diploma, Bachelors, Masters and Ph.D. clients.
I believe quality, affordability, flexibility, and punctuality are the principal reasons as to why I have risen among the best writers on this platform. I deliver 100% original papers that pass all plagiarism check tests (Turnitin, Copyscape, etc.). My rates for all papers are relatively affordable to ensure my clients get quality essay writing services at reasonable prices.
4.50+
5+ Reviews
14+ Question Solved
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted:
Students also viewed these Accounting questions
-
The balance in the supplies account, before adjustment at the end of the year, is $2,975. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $614.
-
The balance in the unearned fees account, before adjustment at the end of the year, is $316,290. Journalize the adjusting entry (include an explanation) required if the amount of unearned fees at the...
-
The balance in the prepaid insurance account, before adjustment at the end of the year, is $14,800. Journalize the adjusting entry required under each of the following alternatives for determining...
-
1. Is religious training mandatory at all of the schools in question? 2. Does the Court see inevitable church-state entanglements if the Board were allowed to exercise jurisdiction over teachers in...
-
Willis Company has the following year-end account balances on April 30, 2017: Service Revenue $53,800; Rent Revenue $12,000; Salaries Expense $19,400; Depreciation Expense $8,000; Supplies Expense...
-
Long-term debt outstanding = $300,000 Yield to maturity (r D ) = 8% Number of shares of common stocks = 10,000 Price per share = $50 Book value per share = $25 Beta of common stock = 1.5 Expected...
-
In several accounting situations it seems like there is more than one acceptable way to account for a transaction. Is this a significant issue? Are there situations where it can lead to ethical...
-
Titan Foods makes a high-energy frozen meal. The selling price per package is $ 7.20, and variable cost of production is $ 4.32. Total fixed cost per year is $ 316,600. The company is currently...
-
What is the output of the following C code? 1 int x=6; 2 int *q=&x, &qq=*x; 3 4 5 (q)=2; (*qq)+-3; int y-(*qq)*((*q)-2); printf("%d",y);
-
Meadows Enterprises Ltd. is a Canadian corporation located in Regina. The company operates a retail business that has shown consistent profits for several years. Cash generated from those profits has...
-
At August 31, the end of the first month of operations, the usual adjusting entry transferring prepaid insurance expired to an expense account is omitted. Which items will be incorrectly stated,...
-
The prepaid insurance account had a balance of $4,800 at the beginning of the year. The account was debited for $15,000 for premiums on policies purchased during the year. Journalize the adjusting...
-
For each transaction in M2-4 (including the sample), post the effects to the appropriate T accounts and determine ending account balances. Beginning balances are provided. M2-4 For each of the...
-
Sketch the graph of each equation in Problems 3-30. \(y=x^{2}-2 x+1\)
-
Design PID compensator for the system with pole-zero function \[ G(s)=\frac{K}{(s+3)(s+6)} \] in unity feedback configuration so as to meet the following specifications: Peak overshoot \(\leq 1.18...
-
A heat engine that operates on a Carnot cycle uses a lowtemperature reservoir at \(25^{\circ} \mathrm{C}\) and runs at an efficiency of 0. 350 . The working substance is nitrogen gas, and the gas...
-
Sketch the curves using the equations given in Problems 28-51. \(\frac{x^{2}}{9}-\frac{y^{2}}{4}=1\)
-
Sketch the curves using the equations given in Problems 28-51. \(\frac{x^{2}}{4}+\frac{y^{2}}{9}=1\)
-
What is the economic rationale for the widespread use of disclosure regulation?
-
Reduction in sales All of the above 29. Belt of an electric motor is broken, it needs a. Corrective maintenance b. Scheduled maintenance c. Preventive maintenance d. Timely maintenance. 30. The...
-
Identify the key dates for a forward rate agreement and discuss their role in its trading mechanism.
-
A diesel-powered tractor with a cost of $145,000 and estimated residual value of $7,000 is expected to have a useful operating life of 75,000 hours. During July, the generator was operated 150 hours....
-
Prior to adjustment at the end of the year, the balance in Trucks is $250,900 and the balance in Accumulated Depreciation?Trucks is $88,200. Details of the subsidiary ledger are as follows: (a)...
-
A Kubota tractor acquired on January 9 at a cost of $75,000 has an estimated useful life of 20 years. Assuming that it will have no residual value, determine the depreciation for each of the first...
-
10. Create the following row vector A where it has 18 elements (1 to 18). 1 4 7 10 13 16. 11 14 17 a. Use the reshape function to obtain B: == 2 5 8 3 6 9 12 15 18 b. Create a 7 element row vector...
-
7) Use Matlab codes to create two different vectors to separately store the numerators and denominators of the following sequence of 50 fractional numbers: 1/3, 2/5, 3/7, 4/9, 5/11, 6/13, ......,...
-
US exports to China have been rapidly increasing but not fast enough to offset the imports from China. This means that the United States has a/an? Give answer and explain.
Study smarter with the SolutionInn App