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Nina [5.8K]
3 years ago
8

​Murphy, Inc. prepaid $ 3 comma 600$3,600 on October​ 1, 2018 for a oneminus−year insurance premium. Coverage begins October 1.

On January​ 1, 2019​ (after December 31​ adjustments), the Prepaid Insurance account will have a debit balance of​ ________. (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest whole​ number.)
Business
1 answer:
ahrayia [7]3 years ago
5 0

Answer:

Prepaid Insurance account will have a debit balance of 2700

Explanation:

Prepaid               3600 balance  

October 31         300 3300  

November 30         300 3000  

December 31          300 2700 January 1

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6.99 - 4 = 2.99 is the dollar mark-up based on cost.

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B) Stories

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total equivalent units for materials = 6,310

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