Insurance Expired During The Year $2000

Insurance Expired During The Year $2000. Interest at 6% is receivable on the note for one full year. Insurance expired during the year, $2,000.

For the past several years, Jeff Horton has operated a
For the past several years, Jeff Horton has operated a from www.bartleby.com

Insurance premiums expired during the year are $5,300. Accrued salaries at december 31, $5,800. Depreciation of equipment during the year is $8,150.

• Depreciation For The Current Year Amounts To $2,000.


A) the amount of insurance expired during the year is $4,180; At year end, the following items have not yet been recorded. This $3,200 cost had been initially debited to the prepaid insurance account.

An Analysis Of Insurance Policies Shows That $2,000 Of Unexpired Insurance Benefits Remain At December 31, 201 3.


On april 1, 2018, jiro nozomi created a new travel agency, adventure travel. Insurance expired during the year, $2,000. Unearned fees on may 31 are $2,000;

The Adjusted Balance For Insurance Expense For The Year Would Be.


Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment: The insurance premium expired during the year are $1000. Depreciation of trucks during the year is $3500.

At The End Of The Month, $500 Of Office Supplies Are Still Available.


Supplies on hand on may 31 are $600. Estimated bad debts, 1% of gross sales. The prepaid insurance account had a $4,000 balance at the beginning of the year.

1 To August 31 Of This Year (Therefore It Is Now Expired).


On december 31, the company writes an adjusting entry to record the insurance expense that was used up (expired) and to reduce the amount. Journalize the adjusting entry required under each of the following *alternatives* for determining the amount of the adjustment: Interest at 6% is receivable on the note for one full year.