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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question 
The prepaid insurance account has a debit balance of $3600 
at the end of the year. If unexpired insurance at the end 
of the year is $2800, the amount of insurance expense that 
should be reported on the income statement is?
 Question Submitted By :: Prisgon1974
I also faced this Question!!     Rank Answer Posted By  
 
  Re: The prepaid insurance account has a debit balance of $3600 at the end of the year. If unexpired insurance at the end of the year is $2800, the amount of insurance expense that should be reported on the income statement is?
Answer
# 1		 
Pre paid Insurance : 3600
Unexpired insurance: 2800
total              : 6400
 
Is This Answer Correct ?    1 Yes 3 No
Prabu
 
  Re: The prepaid insurance account has a debit balance of $3600 at the end of the year. If unexpired insurance at the end of the year is $2800, the amount of insurance expense that should be reported on the income statement is?
Answer
# 2		 
Insurance Exp. $800 DR
Prepaid Insurance       $800 CR
 
Is This Answer Correct ?    0 Yes 1 No
Shi
 
 
 

 
 
 
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