nd post to the general ledger. Adjusting Entries: a, Expired insurance for the period , $500. b, Supplies on hand at the end of the month, $1,000.

The prepaid insurance account had a beginning balance of $7,140 and was debited for $850 for 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 $6,710. If an amount box does not require an entry, leave it blank. December 31

Reviewing insurance policies revealed that a single policy was purchased on August 1, for oneyear’s coverage, in the amount of $6,000. There was no previous balance in the Prepaid Insurance account atthat time. Based on the information provided:A. Make the December 31 adjusting journal entry to bring the balances to correct.B. Show the impact that these transactions had.

How to adjust and write this on general journal? The prepaid insurance account amounts to $12,000. Of this amount, $8,500 has expired as of December 31.

Journalize the adjusting entries and post to the general ledger - Adjusting entries: 1. Expired insurance for the period $500 2.Accrued salary expense ( earned but not paid ) owed to Sophia LeBron,$5600. (Credit Salaries Payable. Payroll taxes are not considered in this entry. 3.Provision for uncollectible accounts estimated at 3.0% of March creadit sales,$927

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 .

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

Complete the following: (Use Table 7.1) Invoice Date goods are received Terms Last day of discount period Final day bill is due (end of credit period) June 18   1/10, n/30