A Two Year Insurance Policy Was Purchased

The amount of rent received in advance that remains unearned at September 30 is 300. Office equipment depreciated 3000 per yearThe amount of rent received in advance that remains unearned at September 30 is 400.


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What is the amount of insurance expense that would appear on the companys income statement for the first year ended December 31.

. What is the amount of insurance expense that would appear on the companys income statement for the first year ended December 31. What is the amount of insurance expense that would appear on the companys income statement for the first year ended December 31. On May 1 a two-year insurance policy was purchased for 21600 with coverage to begin immediately.

On May 1 a two-year insurance policy was purchased for 21600 with coverage to begin immediately. A two-year life insurance policy was purchased on June 1 for 3600. On May 1 a two-year insurance policy was purchased for 43200 with coverage to begin immediately.

On May 1 a two-year insurance policy was purchased for 43200 with coverage to begin immediately. What is the amount of insurance expense that would appear on the companys income statement for the first year ended December 31. Using the information given prepare the adjusting entries that should be made by Sunkan Company on September 30.

Instructions Using the above additional information prepare the adjusting entries that should be made byScotsman Company on September 30. A two-year life insurance policy was purchased on June 1 for 4800. Office equipment depreciates 3000 per year.

On May 1 a two-year insurance policy was purchased for 18000 with coverage to begin immediately.


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