Adjusting journal entry December 31 2021: Dr. Insurance Expense 24000 Cr. Pre-Paid Insurance 24000 If the beginning balance in prepaid insurance was 1500 and 30,000 was recorded in the balance sheet for an insurance premium during the year, what is the ending balance in pre-paid insurance after the adjusting entry?

Adjustment for Insurance On December 1, a six-month liability insurance policy was purchased for $900. Analyze the required adjustment as of December 31 using T accounts, and then formally enter this adjustment in the general journal. (Trial balance is abbreviated as TB.) (Balance Sheet)Prepaid Insurance   fill in the blank a8cfc50a8015fe0_2   fill in the blank a8cfc50a8015fe0_4 Bal. fill in the blank a8cfc50a8015fe0_5     (Income Statement)Insurance Expense Adj. fill in the blank a8cfc50a8015fe0_6       Page:     DATE ACCOUNT TITLE DOC.NO. POST.REF. DEBIT CREDIT   1 20--Dec. 31       fill in the blank 59564e01b03df92_2 fill in the blank 59564e01b03df92_3 1 2         fill in the blank 59564e01b03df92_5 fill in the blank 59564e01b03df92_6 2

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

zmo Company purchased a 1-year insurance policy on October 1 for $4,560. Journalize the adjusting entry on December 31. If an amount box does not require an entry, leave it blank. December 31 Insurance Expense Prepaid Insurance X X X 8 X

View Policies Current Attempt in Progress On July 1, 2022, Blossom Co. pays $12.000 to Nash's Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. For Blossom Co. journalize and post the entry on July 1 and the annual adjusting entry on December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) Debit Credit Date Account Titles and Explanation 100

What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, $18680, and unexpired amounts per analysis of policies of $6100? O Debit Insurance Expense, $12580; Credit Prepaid Insurance, $12580. O Debit Insurance Expense, $6100; Credit Prepaid Insurance, $6100. O Debit Insurance Expense, $18680; Credit Prepaid Insurance, $18680. O Debit Prepaid Insurance, $12580; Credit Insurance Expense, $12580.

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.

Adjusting entries for prepaid insurance The balance in the prepaid insurance account, before adjustment at the end of the year, is $21,910. Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment: a. The amount of insurance expired during the year is $16,650. If an amount box does not require an entry, leave it blank. b. The amount of unexpired insurance applicable to future periods is $5,260. If an amount box does not require an entry, leave it blank. Σ .

journal entry   how do i journalize the following wages accured but not paid at july  31 are 700 insurance premiums expired during the year are 1,000

Please prepare Journal Entries & T Accts for: 2019                           December   Adjusting Entries   Amount o.   One month of the prepaid insurance has expired.             $170 p.   The December portion of the rent paid on December 1 has expired.         $900 q.   Counted supplies and found this amount still on hand (recorded the amount used as an expense)   $100 r.   The amount collected in transaction m is unearned at December 31.         $2,000 s.   Three days of wages for December 29, 30, and 31 are unpaid. These will be paid in January.                       $2,900 t.   One month of depreciation needs to be recorded. Estimated useful life of truck in years is: 361.111   3 u.   Income taxes expense to be paid in the next fiscal year.           $100