Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 4.00

insurance company

On April 1, 2009, the company paid an insurance company $5,000 for a two-year fire insurance policy. The entire $5,000 was debited to insurance expense. What is the Dec. 31, 2009 adusting journal entry? Prepaid Insurance xx Insurance expense xx I can't figure out the values for this journal entry. I tried 5,000/24 * 9 = 1875 but that's wrong. Can you help me?

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 01:08 AM My Price 4.00

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