Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 4 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 09 Oct 2017 My Price 4.00

prepaid insurance account


The prepaid insurance account had a balance of $2,750 at the beginning of the year. The account was increased for $1,500 for premiums on policies purchased during the year. What is the adjustment required at the end of the year for each of the following independent situations: (a) the amount of unexpired insurance applicable to future periods is $3,000? (b) the amount of insurance expired during the year is $1,050? For (a) and (b), indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease.

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 09 Oct 2017 05:10 PM My Price 4.00

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