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Book Show Me How Calculator Adjustment for prepaid expense Instructions Chart of Accounts Journal Instructions The...

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Book Show Me How Calculator Adjustment for prepaid expense Instructions Chart of Accounts Journal Instructions The prepaid in
eBook Show Me How Calculator Adjustment for prepaid expense Instructions Chart of Accounts Journal Instructions Journal Journ
Book Show Me How Calculator Adjustment for prepaid expense Instructions Chart of Accounts Journal Instructions The prepaid insurance account had a beginning balance of $11,500 and was debited for $18,000 of premiums paid during the year, Journalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is $13,000. Refer to the Chart of Accounts for exact wording of account titles Previous Next > Check My Work 3 more Check My Work uses remaining. Save and Submit Assignment for Grading
eBook Show Me How Calculator Adjustment for prepaid expense Instructions Chart of Accounts Journal Instructions Journal Journalize the adjusting entry required at the end of the year (December 31), assuming the amount of unexpired insurance related to future periods is $13,000. Refer to the Chart of Accounts for exact wording of account titles PAGE 10 JOURNAL ACCOUNTING EQUATION DATE POST. REF. DEBIT CREDIT ASSETS LIANUTES EQUITY DESCRIPTION Adjusting Entries 2 + Previous Next Check My Work 3 more Check My Work uses remaining. Save and Submit Assignment for Grading

Answers

Date General Journal Debit Credit Asset Liability Equity
Dec 31 Insurance expense 16,500
Prepaid Insurance 16,500
(11,500+18,000)-13,000

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