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
Shkiper50 [21]
3 years ago
15

The adjusting entry to account for use of prepaid insurance consists of: Multiple Choice a debit to Insurance Expense and a cred

it to Cash. a debit to Insurance Expense and a credit to Accumulated Depreciation. a debit to Insurance Expense and a credit to Prepaid Insurance. a debit to Prepaid Insurance and a credit to Accumulated Depreciation.
Business
1 answer:
Jet001 [13]3 years ago
7 0

Answer:

a debit to Insurance Expense and a credit to Prepaid Insurance

Explanation:

The adjusting entry to record the prepaid insurance is shown below:

Insurance expense Dr XXXXX

           To Prepaid insurance  XXXXX

(Being the prepaid insurance account is adjusted)

For recording the adjusting entry, we debited the insurance expense and credited the prepaid insurance account so that the proper posting could be done

You might be interested in
What do socialism and communism have in common? Economics
elena-14-01-66 [18.8K]

Answer:

Both socialism and communism are essentially economic philosophies advocating public rather than private ownership, especially of the means of production, distribution and exchange of goods (i.e., making money) in a society.

Explanation:

4 0
2 years ago
Read 2 more answers
Suppose the government passes a law eliminating holidays and, as a result the production of goods and services increases because
dedylja [7]

Answer:

The correct answer is GDP would definitely increase because GDP excludes leisure.

Explanation:

The GDP does not measure the level of development of a country, nor does it measure the quality or level of its educational system or its health. Come on, that the quality of life in general is not measurable by GDP, although it is true that countries with a higher GDP per capita can afford better health or education services, as well as better infrastructure and services in general.

It does not measure the state of the environment or the damage caused to it or natural resources by the economic activity carried out. In other words, GDP does not report externalities, that is, it does not reflect the total social benefits and costs derived from economic activity.

GDP does not measure the quality of the goods and services produced. The GDP figures are only numbers that do not take into account exactly what is being produced or what is the quality of what is produced. This prevents, for example, comparing production between different eras. Does a computer add up to GDP now than in the 80s? The answer is no. Does a country of services add up to an oil exporter? The answer is also no.

It ignores the value of elements that contribute to maintaining the level of well-being of the population, such as leisure or freedom. In freer countries or in which its inhabitants have more leisure time and better options in which to invest it, well-being is much greater.

6 0
2 years ago
What sections make up a balance sheet? <br> Assets <br> Capital <br> Liabilities <br> Owner's Equity
PtichkaEL [24]

assets, liabilities, and equity.

7 0
2 years ago
Hey are these cat´s creepy or what
agasfer [191]
They look scared and like they don’t wanna be there
7 0
2 years ago
Read 2 more answers
Identify a brand and discuss how the organization is blending marketing mix element to achieve a marketing communication objecti
NeX [460]

Answer:

Nike as a brand is making the use of Marketing mix to communicate a objective of high quality sport brand.

Explanation:

  • The aim of the marketing mix s the right combination of product, place, promotion, and price, etc. It is done so that the company can have an advantage over the competitors. It's a set of controllable and tactile marketing tools.
8 0
2 years ago
Other questions:
  • "be sure to identify any additional bases underlying your forecast and any assumptions."
    10·1 answer
  • A simple index of three stocks have opening values on day 1 and day 8 as shown in the table below. What is the rate of change of
    14·1 answer
  • Increased grants and loans for college expenses would ________ the number of college graduates, while ________ wages paid to col
    12·1 answer
  • .If the economy is normal, Charleston Freight stock is expected to return 16.5 percent. If the economy falls into a recession, t
    14·1 answer
  • Samantha's rating in a job interview is high in contrast to the candidate who was interviewed directly before her, who was rated
    14·1 answer
  • Cost of Goods Sold and Income Statement Schuch Company presents you with the following account balances taken from its December
    10·1 answer
  • Southern Foods just paid an annual dividend of $2.10 a share. Management estimates the dividend will increase by 11 percent a ye
    12·1 answer
  • If you’re offered and no-interest loan, the amount of the loan should not exceed
    9·1 answer
  • Bangladesh exports shirts, the making of which is labor-intensive, to the UnitedStates. The likely source of Bangladesh's compar
    11·1 answer
  • What are the three basic types of issues that arise in business finance?​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!