Salieri and associates has the following account balances listed in alphabetical order: accumulated depreciation, $24,000; accounts payable, $9,500, accounts receivable, $11,000; cash, $4,000; equipment, $47,000, land, $23,000, mortgage payable, $46,000; prepaid insurance, $7,500; supplies, $1,000; unearned revenue, $5,000; wages payable, $2,000. salieri's current liabilities are:

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.

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Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less