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3 years ago

15

What is the proper adjusting entry at june 30, the end of the fiscal year, based on a prepaid insurance account balance before a

djustment, $18,500, and unexpired amounts per analysis of policies of $6,000?

1 answer:

blagie [28]3 years ago

6 0

Debt insurance expenses 6000
Credit prepaid insurance 6000

prepaid insurance account balance after adjustment is
18,500−6,000=12,500

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Instructions are listed below.

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I hope you find this information useful and interesting! Good luck!

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3 years ago

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