The balance in the prepaid insurance account before adjustment at the end

13.  The balance in the prepaid insurance account before adjustment at the end of the yea r is $1,840, and the amount of insurance expired during the year is $720. The adjusting entry required is: (a) debit insurance expense, $720; credit prepaid insurance, $720; (b) debit pre­ paid insurance, $720; credit insurance expense, $720; (c) debit insurance expense, $1,120; credit prepaid insura nce, $1,120; (d) debit prepaid insurance, $1,120; credit insu rance ex­ pense, $1,120.

. .

The post The balance in the prepaid insurance account before adjustment at the end appeared first on USA Dissertation Editors.