Author Question: Diane's Designs purchased a one-year liability insurance policy on March 1 of this year for 8,400 ... (Read 115 times)

Sufayan.ah · **on:** Jul 5, 2018

Diane's Designs purchased a one-year liability insurance policy on March 1 of this year for 8,400 and recorded it as a prepaid expense. Which of the following amounts would be recorded for insurance expense during the adjusting process at the end of Diane's first month of operations on March 31?
a. 8,400
b. 840
c. 700
d. 7,700

Question 2

How many pool cues need to be produced in 2016?

A) 22,500 cues
B) 22,000 cues
C) 20,500 cues
D) 19,500 cues