1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KengaRu [80]
2 years ago
10

The prepaid insurance account had a beginning balance of $4,500 and was debited for $16,600 of premiums paid during the year. Jo

urnalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is $5,600. Refer to the Chart of Accounts for exact wording of account titles.
Business
2 answers:
trasher [3.6K]2 years ago
8 0

Answer:

prepaid expense 15,500 debit

prepaid insurance 15,500 credit

Explanation:

<em>The amount of unexpired insurance will be the ending balance of the account</em>

4,500 debit

+ 16,600 premium paid

+/- adjustment

5,600 ending

4,500 + 16,600 - 5,600 = 15,500

MAVERICK [17]2 years ago
7 0

Answer:

                                                                                       $                   $

Prepaid Insurance (Beginning)                                   4,500

Insurance Premium Paid                                            16,600

                    Insurances Expired                                                    15,500

                    Prepaid Insurance (Ending)                                        5,600

Explanation:

The amount of unexpired insurance related to future periods is $5,600 which will be the closing balance of this Account

You might be interested in
Martin, a u.s. citizen, travels to mexico and buys a newly manufactured motorcycle made there. his purchase is included in?
Alinara [238K]

Martin, a US. citizen travels to Mexico and buys a newly manufactured motorcycle made there. his purchase is included in both Mexican GDP and U.S. GDP.

This is further explained below.

<h3>What is GDP?</h3>

Generally, The gross domestic product (GDP) of a nation is a monetary measurement that is based on the market value of all of the final products and services that are produced in that nation during a certain time period.

Before being regarded as a trustworthy indication, this measure often undergoes revision because of the complexity and subjectivity inherent in its design.

In conclusion, Martin, a resident of the United States, makes a trip to Mexico in order to purchase a motorbike that was only just produced in that country. His purchase is accounted for in both the GDP of Mexico and the GDP of the United States.

Read more about GDP

brainly.com/question/15682765

#SPJ1

6 0
1 year ago
Blue Ridge Crafters is a co-operative that distributes traditional household furnishings, such as home-spun textiles, hand-throw
Harman [31]

Answer:

C) Horizontal growth strategy.

Explanation:

In the given situation, blue ridge would added non related products for the customers who already purchased it from them. Also it shows the concept of one-stop shop i.e. catering should be provided to all rounds requirement for the customers who visited them

Therefore as per the given scenario, the option c is correct

And, the same would be considered

5 0
2 years ago
Who will receive the vaccines if the university health center sells them for the $20.00 market price?
Vesna [10]

The students who will receive the vaccines if the University Health Center sells them for $20.00 are the students who will pay for them at that price.

<h3>Who will receive the vaccines?</h3>

The University Health Center has set a price of $20.00 for the vaccines which means that if a person wants a vaccine, they need to pay $20.

The people who will receive the vaccines therefore, are those students who are willing to pay for the vaccines at the price of $20.00.

Full question is:

University Health Center receives 500 flu vaccinations at the beginning of each flu season. Suppose they offer these vaccines for $20.00 each. Assume that college students have varying budgets, some have some money to spare, some are on a very tight budget. Some students have pre‑existing conditions, such as asthma and diabetes, that place them at high risk for the flu.

Who will receive the vaccines if the University Health Center sells them for this price?

  • the students who will pay for them at that price
  • the students who most need them the students with asthma and diabetes
  • the students who most want them

Find out more on market pricing at brainly.com/question/12960067.

#SPJ1

8 0
1 year ago
Frank has just completed a study in which he gave a survey to each of 7,000 employees and their supervisors in a large bank. His
vovikov84 [41]

Answer:

The declaration is mostly accurate or correct.

Explanation:

  • Task success can be induced by work satisfaction. But that could also be accurate the opposite way round, i.e. work success affects employee satisfaction.
  • The inference reached here does not specify which incident seems to be the reason and which one is the trigger's consequence. A significant direct connection between the two can not be identified. Other than that, there could be other variables that may control the two variables.
8 0
3 years ago
Ten reasons why we need to have laws for business's
Anika [276]
1. To define unacceptable behavior.
2. To provide certainty & stability.
3. To protect the public.
4. To provide mechanism for businesses to resolve disputes.
5. Law gives everyone a framework for how to ace and operate.
6. To make better decisions.
7. To sue & be sued.
8. To balance harm done by the offender against the individual and society at large.
9. To collect and generate revenue from the masses.

Just need one more sorry
8 0
3 years ago
Other questions:
  • Mike Tyson earned about $200 million over his 15-year boxing career, but by 2003 he was in financial trouble. This is an example
    7·1 answer
  • A variable that likely is incorporated in the error term is A. the variable cost of production. B. the fixed cost of production.
    7·1 answer
  • When a company needs precise answers about the effects of various proposed marketing actions on important outcomes, what type of
    15·1 answer
  • Icon International, a software company, incorporated on January 1, 2013 is planning to convert to IFRS. The company decided to p
    12·1 answer
  • According to the PPC, as we produce more military goods and our resources remain constant, what will happen to the production of
    8·1 answer
  • Which of the following is the most direct and professional revision of the second sentence? The new conference system would allo
    10·1 answer
  • Which of the following ia a good question to ask during an informational interview
    11·2 answers
  • LG, a South Korean electronics company, has four divisions: Home Entertainment, Mobile Communications, Home Appliance &amp; Air
    15·1 answer
  • Rising of inflation rate is under which PESTLE element​
    6·1 answer
  • Companies should try to focus on their areas of expertise. Should they always outsource other business functions to become a mor
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!