Indicate the account title to be debited by $3,600. Acct Payable Allowance for I

Question

Indicate the account title to be debited by $3,600. Acct Payable Allowance for Insurance Cash Insurance Expense prepaid Insurance Indicate the account title to be credited by $3,600. Acct Payable Allowance for Insurance Cash Insurance Expense Prepaid Insurance Transaction 3B - december 31, Y8: prepare adjusting entry for the insurance expired during Y8: What is the amount of the adjustment $3,600 $600 $1,200 $700 $0 Indicate the account title to be debited. Allowance for Insurance Cash Insurance Expense Prepaid Insurance None Indicate the account title to be credited. Allowance for Insurance Cash Insurance Expense Prepaid Insurance None

Explanation / Answer

Q 28. E. Prepaid Insurance

Q.29. C. Cash

Q.30. =3600/3/12*6 = 600 B. $ 600

Q.31 C. Insurance Expense

Q.32 D. Prepaid Insurance

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