This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Tumbler, Inc. bought a 3-year insurance policy on August 1 for $3,900. Assume no other adjusting ... (Read 99 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
on: Feb 18, 2020
Tumbler, Inc. bought a 3-year insurance policy on August 1 for $3,900. Assume no other adjusting entries have been done this fiscal year. The adjusting entry on December 31 would be:
◦ debit Insurance Expense, $108; credit Prepaid Insurance, $108.
◦ debit Insurance Expense, $542; credit Prepaid Insurance, $542.
◦ debit Prepaid Insurance, $108; credit Insurance Expense, $108.
◦ debit Prepaid Insurance, $542; credit Insurance Expense, $542.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by renzo156 on Feb 18, 2020

tuate

  • Sr. Member
  • ****
  • Posts: 332
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.
Answer Preview
Only 29% of students answer this correctly


renzo156

  • Member
  • Posts: 526
Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Before starting the process of adjusting the valves, look up the specifications and exact ... Before starting the process of adjusting the valves, look up the specifications and exact ...
Available Fresh Water per year Available Fresh Water per year
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
International Economics: Theory and Policy (10th Edition) International Economics: Theory and Policy (10th Edition)
Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ... Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Structure of a Ribosome

For a complete list of videos, visit our video library