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
ivanzaharov [21]
2 years ago
10

Mouse Inc. uses the alternative method of accounting for prepayments and purchased a $1,200, 6-month insurance policy. The compa

ny immediately debited the Insurance expense account. By the end of the period, $400 of the policy had expired. Demonstrate the required adjustment needed at the end of the period.
Business
1 answer:
zysi [14]2 years ago
3 0

Explanation:

The adjusting journal entry to record the given adjustment is shown below:

At the year-end

Insurance expense A/c Dr. A/c $800

       To Prepaid Insurance A/c $800

(Being insurance expense is recorded)

The computation is given below:

= Prepayment done for 6 months insurance policy - expired insurance

= $1,200 - $400

= $800

You might be interested in
You examine the schedule for your favorite soccer team. the team plays sixteen games each season. later, you try recalling that
defon
<span>It is an example of the primacy effect. Primacy effect is one of the two main components of a broader concept known as the serial position effect. The serial position effect says that when given a list of information and later asked to recall that information, the items at the beginning (primacy) and the items at the end (recency) are more likely to be recalled than the items in the middle.</span>



7 0
2 years ago
How does a business's corporate culture affect employee satisfaction? How does a business's corporate culture affect customer sa
oee [108]
<span>A business corporate culture is a set of values, beliefs and policies that guide an organization. It is not limited to the code of ethics and conduct of its management and employees but extend to how this code is being put into practice in the day-to-day operation of the company.

If the corporate culture of the business is positive like there is a clear definition of jobs, goals, and career path, then employee satisfaction will increase. It will create a positive environment where employees give their best in doing their jobs and employee turnover is negligible. 

Having a positive corporate culture will resonate not only to the employees but also to the customers. The company will have a good reputation and will be talked about by satisfied clients. Thus, increasing its customer base and target market.

Having a negative corporate culture will generate the reverse output. Employee satisfaction is nonexistent. Employee turnover is high. Customer satisfaction is down and company reputation is negative. </span>
7 0
3 years ago
In which careers could someone be self employed? Check all that apply. Greenhouse Manager Animal Breeder Public Parks Groundskee
Gnom [1K]

The careers where an individual can be self employed include:

  • Greenhouse manager.
  • Animal breeder
  • Baker.
  • Agricultural equipment operator.

A self-employed person simply means an individual who earns their living from any independent pursuit of economic activity.

It's the state of working for oneself. Examples include greenhouse manager, animal breeder, baker, and gricultural equipment operator.

Learn more about self employment on:

brainly.com/question/25803149

3 0
2 years ago
Read 2 more answers
What is the custom for running for a seat in the House?
Burka [1]
I think the Constitution provides that the total number of seats in the House shall be distributed among the States on the basis of their respective populations.
3 0
2 years ago
Which of the following terms best characterizes cost-benefit anaylsis
frutty [35]
Whattttttttttttttt????????????
7 0
2 years ago
Read 2 more answers
Other questions:
  • 2. Determining opportunity cost Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. Three sto
    12·1 answer
  • A proposed project has fixed costs of $47,000 per year. The operating cash flow at 11,000 units is $69,000. a. Ignoring the effe
    7·1 answer
  • Definition of collateral​
    12·2 answers
  • Durable goods and non-durable goods comprise approximately ________ of the supply side of the gdp.
    5·1 answer
  • Kraft produces Lunchables, a prepackaged meal usually consisting of several crackers, small slices of meat, and small slices of
    10·1 answer
  • , a doctor from the local hospital, is a friend of Fran, the owner of a candy store. Every day, Ed spends about five minutes in
    11·1 answer
  • Thayer Farms stock has a beta of 1.38. The risk-free rate of return is 3.87 percent, the inflation rate is 3.93 percent, and the
    8·1 answer
  • Suppose you have some extra money to invest for 1 year. After a​ year, you will need to sell your investment to pay tuition. Aft
    9·1 answer
  • We know that the longer a person saves, the more time their savings have to compound and grow. Given that fact, why do you think
    8·1 answer
  • Where do deleted files go?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!