# The Amount Of Insurance Expired During The Year Is

The Amount Of Insurance Expired During The Year Is. Total insurance expense paid = 12000. Ex.03.03.algo the balance in the prepaid insurance account, before adjustment at the end of the year, is \$17,930.

(a) the amount of unexpired insurance applicable to future periods is \$4,800; Insurance premiums expired during the year, \$315. If the unexpired balance of the policies at the end of the year totals \$800, what amount will.

### (A) The Amount Of Unexpired Insurance Applicable To Future Periods Is \$4,800;

The amount of insurance expired during the year is \$13,630. In the insurance expense example above, the income statement for the end of the year would include two months of insurance premiums equal to \$140 total. (a) the amount of unexpired insurance applicable to future periods is \$8,500;

### (B) The Amount Of Unexpired Insurance Applicable To Future Periods Is \$6,750.

(a) the amount of insurance expired during the year is \$20,250; Journalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is \$4,100. Ex.03.03.algo the balance in the prepaid insurance account, before adjustment at the end of the year, is \$17,930.

### (B) The Amount Of Insurance Expired During The Year Is \$30,700.

Depreciation of equipment during the year is \$8,350. The amount of insurance expired during the year is \$6,880. Adjusting entries for prepaid insurance the balance in the prepaid insurance account, before adjustment at the end of the year, is \$27,000.

### Journalize The Adjusting Entry Required Under Each Of The Following Alternatives For Determining The Amount Of The Adjustment:

(b) the amount of unexpired insurance applicable to future periods is \$4,040. The amount of insurance expired during the year is \$20,250. Journalize the adjusting entry required at the end of the year for each of the following situations:

### (A) The Amount Of Unexpired Insurance Applicable To Future Periods Is \$1,000;

Insurance premiums expired during the year are \$1,800. If an amount box does not question : (b) the amount of insurance expired during the year is \$30,700.