Unexpired insurance at july 31 $1 500
WebUnexpired insurance at July 31, $1, 500. Fees earned but unbilled on July 31, $10, 200. Supplies on hand at July 31, $615. Rent unearned at July 31, $300. Journalize the … WebThe Prepaid Insurance account had a $4,000 balance at the beginning of the year. An analysis of insurance policies shows that $1,200 of unexpired insurance benefits remain at December 31. The company has earned (but not recorded) $1,050 of interest revenue for the year ended December 31.
Unexpired insurance at july 31 $1 500
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WebDec 31, 2024 · Unexpired insurance on hand at the end of the year, $2,200. e. Depreciation expense on the store equipment, $2,500. f. Depreciation expense on the building, $2,700. g. Unearned Rental Revenue as of December 31, $3,200. h. Wages earned but not yet paid, $660. 2. Complete the Adjusted Trial Balance columns of the work sheet. WebApr 13, 2024 · Over 300 community members attended to see 31 student performances, a teachers’ performance and a grand finale. ... issue,” TBR News Media website, July 14, 2024.] ... from Physicians Mutual ...
WebSep 6, 2024 · Unexpired insurance happens because businesses pay a lot of insurance in advance. Say that on January 1, you prepay the auto insurance on your company vehicles … WebMar 3, 2024 · Answer: Supplies on hand at October 31 total $500 Inventory $ 500 (debit) Income Statement - cost of sales $500 (debit) Expired insurance for the month is $100 Insurance $ 100 (debit) Account Payable - Insurance Provider $100 (credit) Depreciation for the month is $50 Depreciation $50 (debit) Accumulated Depreciation / Asset $50 (credit)
WebAn analysis of insurance policies shows that $2,000 of unexpired insurance benefits remain at December 31, 201 3. f. The company has earned (but not recorded) $1,000 of interest from investments in CDs for the y ear ended December 31 , 201 3. The interest revenue will be received on January 10, 2014. g . WebDec 31, 2015 · It was determined that $1,500 of the Prepaid Insurance had expired. What woul ABC Company has the following adjusted trial balance at December 31, 2024: ABC Company Adjusted Trial Balance...
WebAug 9, 2024 · When you make a prepaid rent or unexpired insurance journal entry, you report the money as an asset, entering it in a prepaid insurance account in the books. Prepaid …
WebStep 3: Record the December 31 adjusting entry to get from step 1 to step 2. a. Prepaid Insurance. The Prepaid Insurance account has a $5,700 debit balance to start the year. A review of insurance policies shows that $1,400 of unexpired insurance remains at year-end. Step 1: Determine what the current account balance equals. $5,700 Debit like much anime watched outside japanWebAn analysis of insurance policies shows that $1,200 of unexpired insurance benefits remain at December 31. Insurance expense $2,800. Prepaid Insurance $2,800. The company had … hotels houston airport bushWebMGMT-026 UC Merced like much cheddar crossword clueWebJun 25, 2024 · Insurance premiums expired during the year are $6,000. Instructions 1. For each account listed in the unadjusted trial balance, enter the balance in a T account. Identify the balance as “Oct. 31 Bal.” In addition, add T accounts for Wages Payable, Depreciation Expense, Laundry Supplies Expense, Insurance Expense, and Income Summary. 2. hotels houston hyatt houseWebUnder Fierce Company’s accounting system, all insurance premiums paid are charged to insurance expense. Information for the year ended December 31, 2024 is as follows: … like much baby food crosswordWebQ: Mackenzie Insurance Company collected a premium of $15,000 for a 1-year insurance policy on May 1.…. A: Insurance expense on december 31 = Total premium paid x no. of months / period of insurance = $15000…. Q: Adjustment for Prepaid Expense The prepaid insurance account had a beginning balance of s11.500 and…. like motorcycleWebYour car insurance policy won't be cancelled immediately because you miss a payment. Auto insurance companies are required by state law to provide notice before cancelling … like much fall weather crossword