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Author Question: Fischers, Inc. purchased a 5-year insurance policy for $2,900. What would the adjusting entry be at ... (Read 122 times)

jeatrice

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on: Feb 18, 2020
Fischers, Inc. purchased a 5-year insurance policy for $2,900. What would the adjusting entry be at the end of the first year?
◦ Debit Insurance Expense $2,900, credit Prepaid Insurance $2,900
◦ Debit Insurance Expense $2,900, credit Cash $2,900
◦ Debit Insurance Expense $580, credit Cash $580
◦ Debit Insurance Expense $580, credit Prepaid Insurance $580
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by jeatrice on Feb 18, 2020

deja

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jeatrice

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

kjohnson

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Reply 3 on: Yesterday
:D TYSM

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