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vaieri [72.5K]
2 years ago
9

Yummy Foods purchased a one-year hazard insurance policy on August 1 and recorded the $4,200 premium to prepaid insurance. At it

s December 31 year-end, Yummy Foods would record which of the following adjusting entries? a. Debit Prepaid Insurance and credit Insurance Expense for $1,750. b. Debit Insurance Expense and credit Accounts Payable for $4,200. c. Debit Insurance Expense and credit Prepaid Insurance for $2,450. d. Debit Insurance Expense and credit Prepaid Insurance for $1,750
Business
1 answer:
andriy [413]2 years ago
4 0

Answer:

b

Explanation:

cause it is

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