fill in charts Gradebook ORION Downloadable eTextbook tudy

fill in charts

Gradebook ORION Downloadable eTextbook tudy & Practice pen Assignment CALCULATOR MESSAGE MY INSTRUCTOR F RESOURCES Brief Exercise 3-5 On luly 1, 2019, Splish Brothers Inc. pays $2 4,900 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31 mber 31. (Credit account titles are automatically indented when the amount is entered. Da not inder cise 3-5 sh Brothers Inc., joumalize and post the entry on July 1 and the annual adjusting entry on Dece the order presented in the problem.) 9-8 3-13 2-28 Account Titles Debit Credit Date ective Question Attempts: 0 of 3 used All Rights Reserved. A Division of 2ahn Wey.&Sone; Ios

Solution

Jul-1-19 Prepaid insurance 24900        Cash 24900 Dec-31-19 Insurance Expense 4150 =24900/36*6       Prepaid insurance 4150 Prepaid insurance Jul-1-19 24900 31-Dec 4150 Insurance Expense 31-Dec 4150