subject
Business, 17.03.2020 22:32 carlosbs71

Harrod Company paid $6,200 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 $6,200, and no adjustments had been made previously. The adjusting entry required on December 31 is:Debit Prepaid Insurance, $2,400; credit Insurance Expense, $2,400.
(a) Debit Cash, $4,800; Credit Prepaid Insurance, $4,800.
(b) Debit Insurance Expense, $1,200; credit Prepaid Insurance, $1,200.
(c) Debit Prepaid Insurance, $1,200; credit Insurance Expense, $1,200.
(d) Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 12:00
In mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. typically, traditional garment shops had to offer to get workers to apply for the hard, repetitive, and somewhat dangerous work. a. benchmark competitive wages b.compensating differentials c. monopoly wages d. wages based on human capital development of each employee
Answers: 3
question
Business, 22.06.2019 16:30
Why is investing in a mutual fund less risky than investing in a particular companyโ€™s stock?
Answers: 3
question
Business, 22.06.2019 17:00
Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:
Answers: 2
question
Business, 22.06.2019 19:20
1. revising for conciseness - eliminating flabby expressions,limiting long lead-ins, and dropping unnecessary fillerstime is money in any business environment. people want information communicated quickly and clearly. to make your writing more concise and understandable, avoid flabby expressions, long lead-ins, and unnecessary fillers. your audience will appreciate your brevity.1. if your writing contains a flabby expression like in view of the fact that, replace it with the word because / although / probably .for each of the following two sentences, choose the best revision.2. i am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it.1) we need to inform you that we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.2) we have identified a problem with our expense sheet, but we will solve it.3) i am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution.3. it is the user who should contact the center.1) everyone knows that it is the user who should contact the center.2) the user should contact the center.3) if there is a problem, the user should contact the center.read the following passage, and then answer the question.[1] you scheduled seven conference calls for this morning between 10 and 11 a.m. [2] generally, the company limits the number of conference calls to three per hour. [3] iโ€™m letting you know that in the future, we should be more careful about scheduling.4. which revision limits the long lead-in in sentence 3? 1) in the future, we should be more careful about scheduling.2) iโ€™m letting you know so that in the future we are more careful about scheduling calls.3) so that you know in the future, we should be more careful about scheduling.
Answers: 3
You know the right answer?
Harrod Company paid $6,200 for a 4-month insurance premium in advance on November 1, with coverage b...
Questions
question
Computers and Technology, 22.12.2019 18:31
question
Mathematics, 22.12.2019 18:31
question
English, 22.12.2019 18:31
question
Mathematics, 22.12.2019 18:31
question
Chemistry, 22.12.2019 18:31
Questions on the website: 13722360