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Trial Balance Trial balance Adjustments Adjustments Account Title Debit Credit D

ID: 2444320 • Letter: T

Question

Trial Balance Trial balance Adjustments Adjustments Account Title Debit Credit Debit Credit Prepaid insurance 900 ? Insurance Expense ? Merry Maids, the cleaning service, started the preparation ofits adjusted trial balance as seen above (only a portion of it toanwer the question I have) -During 6 months ended June 30, 2007 Merry Maids Used upprepaid insurance of $600. Please help me answer the boxes with question mark. Theproblem above is the way written in book. thanks Merry Maids, the cleaning service, started the preparation ofits adjusted trial balance as seen above (only a portion of it toanwer the question I have) -During 6 months ended June 30, 2007 Merry Maids Used upprepaid insurance of $600. Please help me answer the boxes with question mark. Theproblem above is the way written in book. thanks Trial Balance Trial balance Adjustments Adjustments Account Title Debit Credit Debit Credit Prepaid insurance 900 ? Insurance Expense ?

Explanation / Answer

Dr.

Cr.

Adjustingentry: Insurance Espense $600           Prepaid Insurance $600 Accounts Title Adjustment Adjustment

Dr.

Cr.

Prepaid Insurance $600 Insurance expense $600
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