On January 1, DogMart Company purchased a two-year liability insurance policy for $22,800 cash. The purchase was recorded to Prepaid Insurance. Prepare the January 31 adjusting entry
$22,800/24 = $950 per month
Jan. 31 Insurance Expense 950
Prepaid Insurance 950
You might also like to view...
Chi-square analysis can determine if there is a significant relationship between two categorical variables
Indicate whether the statement is true or false
Discussants in dialogue continually test their understanding of the perspectives of other group members. This is which characteristic of interpersonal dialogue?
A. vulnerability B. mutual implication C. recognition of “strange otherness” D. temporal flow
Unlike bloggers, journalists
A) cannot inject opinion into their writing. B) never provide online content. C) always report on general news. D) are held to specific editorial standards. E) no longer perform investigative reporting.
Kindheartness is an unproductive attitude
Indicate whether the statement is true or false