Two-thirds of one months insurance coverage has expired?

-

sure want two-thirds of 1 month's insurance coverage? passes adjusting entries parts of month? if you're serious, here goes:
1 month's insurance expense = 2500/12 = $208.33, two-thirds of 1 month = 2/3 x $208.33 = $138.89.

if whole $2500 in prepaid insurance, you:
dr insurance expense $138.89
cr prepaid insurance $138.89

in case meant two-thirds of 1 year's insurance coverage has expired, 2/3 x $2500 = $1,666.67,
dr insurance expense $1,666.67
cr prepaid insurance $1,666.67

i need accounting homework help! i'm stumped.

two-thirds of 1 months insurance coverage has expired?

2500 premium 12 months. please!


Business & Finance Other - Business & Finance Next



Comments

Post a Comment

Popular posts from this blog

What is actually SEO?Is it only meta tags?Elaborate.?

-
search engine optimization (seo) process of improving volume , quality of traffic web site search engines via "natural" ("organic" or "algorithmic") search results. usually, earlier site presented in search results, or higher "ranks," more searchers visit site. seo can target different kinds of search, including image search, local search, , industry-specific vertical search engines. internet marketing strategy, seo considers how search engines work , people search for. optimizing website involves editing content , html coding both increase relevance specific keywords , remove barriers indexing activities of search engines. site's structure (the relationships between content) must altered too. because of is, client's perspective, better incorporate search engine optimization when website being developed try , retroactively apply it. acronym "seo" can refer "search engine optimizers," term adopted industry o...
Read more

Should India fight Terrorism or fight simply Pakistan ?

-
ellectronics print channel busy spreading pakintan hate -hate mentality. pays them dividend of media barons in india high castes hindus. it's time media restrained . lets fight poverty , deprievations of 75 % of our own people . let's change judiciary jury system empowering adults of lesser gods women of no substance . lets make income tax returns public whistle blower clause inserted in our constitution. let abolish civil services in india outside have more brilliant people voluntering serve nation. let police reforms overhauling crpc suit present requirement. let force govt of day -staes/centre - withdraw personal guards forthwith whether there threat perception or not . should include called political families tend think give births kings , princes only. king long dead -- long dead kings. ellectronics print channel busy spreading pakintan hate -hate mentality. pays them dividend of media barons in india high castes hindus. it's time media restrained ...
Read more