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zhenek [66]
2 years ago
10

What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance acc

ount is $9,050 before adjustment, and the unexpired amount per analysis of policies is $3,900?
Business
1 answer:
inessss [21]2 years ago
7 0

Explanation:

The adjusting entry is as follows

On December 31

Insurance expense A/c Dr $5,150

               To Prepaid insurance A/c $5,150

(Being the insurance expense is recorded)

It is computed below:

= Balance in prepaid insurance account - unexpired amount

= $9,050 - $3,900

= $5,150

While passing the adjusting entry we debited the insurance expense account and credited the prepaid insurance account

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lubasha [3.4K]

Answer:

Marketing

Explanation:

There are various explanations for the term Marketing. It is essentially a group of activities aimed at creating a valuable customer relationship. Unlike traditional approaches which planned their activities based on what the customers would buy, the Marketing approach takes decisions based on wht the customer wants/needs. It places customer at the center and all the activities revolve around them.

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Which of the following warning signs could mean receipts are being pocketed before being deposited? A. missing documents or gaps
Natasha_Volkova [10]

Answer:

D. a difference between daily bank and cash balance

Explanation:

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Answer:

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3 years ago
Boston Lager is one of several beers produced by Boston Beer, which also produces Samuel Adams beer. Consider the events below t
kaheart [24]

Answer: Please refer to the explanation section

Explanation:

The question incomplete we are required to differentiate events that will shift the demand curve of Boston Lager to the left and events that will not shift the demand curve but the events are not provided in the question. however because it is clear what the question requires i will list Events that cause a shift in the demand curve and events that will not shift the demand curve.

events that will shift the demand curve of Boston Lager to the left

  • Decrease in the price of Beer produced by Samuel Adams (competitor).
  • Household income decrease
  • Government raising the Tax on alcohol

events that will NOT shift the demand curve of Boston Lager

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