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Home Q & A Board Other Fields Homework Help Business Accounting
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NikNik NikNik
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5 years ago
The White Boar Pub purchased a two year insurance policy for $6600 on February 1 and recorded it as an asset.  On June 30, the adjusting entry that should be made is ________.

A)
Prepaid Insurance 5225
      Insurance Expense5225

B)
Insurance Expense1375
      Prepaid Insurance1375

C)
Prepaid Insurance1375
      Insurance Expense1375

D)
Insurance Expense5225
      Prepaid Insurance5225
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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Afro86Afro86
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5 years ago
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NikNik Author
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#2
5 years ago
You're an excellent tutor!
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