On September 1, 2019, Jay Walker Company purchased a one-year insuranc


Ask a Question

On September 1, 2019, Jay Walker Company purchased a one-year insurance policy for $1,140. The correct adjusting entry on December 31, 2019 is: Multiple Choice: debit insurance Expense $380; credit Prepaid Insurance $380 debit insurance Expense $855;

Sale price $15.00 Regular price $30.00

On September 1, 2019, Jay Walker Company purchased a one-year insurance
policy for $1,140. The correct adjusting entry on December 31, 2019 is:

Multiple Choice:

debit insurance Expense $380; credit Prepaid Insurance $380
debit insurance Expense $855; credit Prepaid Insurance $855
debit Prepaid Insurance $95; credit Insurance Expense $95
debit Prepaid Insurance $1,140; credit Insurance Expense $1,140

Questions & Answers

Have a Question?

Be the first to ask a question about this.

Ask a Question