A company makes the payment of a one-year insurance premium of $4,512 on March 1, 2016. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with – for decreases.)

At the beginning of 2009, A company prepaid insurance in the amount of 120,000 for one year. At the end of December 2009 what are the balances of the prepaid insurance account and the insurance expense account.

Requlred Informatlon [The following Information apples to the questions displayed below.] A company makes the payment of a one-year Insurance premlum of $4,248 on March 1, 2019. b-1. Use the horizontal model to show the amount of Insurance premlum "used" that month. (Use amounts with + for Increases and amounts with – for decreases.) Balance Sheet Liabilities Income Statement + Stockholders' Equity - Net Income Revenues Expenses Assets

On April 1 2019, a company paid insurance premium of P340,000 covering a period of two years beginning on this date. The entries to record the payment on April 1 and the adjusting entry on December 31 under the two methods.

The prepaid insurance account had a beginning balance of $3,755 and was debited for $6,755 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 $2,640. Refer to the Chart of Accounts for exact wording of account titles.

Juno Company purchased a 16-month insurance policy on May 1, 2022 for $5,600. On this date, the entire amount was debited into Prepaid Insurance. Prepare the adjusting journal entry as of December 31, 2022.