Diane's Designs purchased a one-year liability insurance policy on March 1 of this year for $8,400 and recorded it as a prepaid expense. Which of the following amounts would be recorded for insurance expense during the adjusting process at the end of Diane's first month of operations on March 31?
a. $700
b. $7,700
c. $8,400
d. $840
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Diane's Designs purchased a one-year liability insurance policy on March 1 of this year for $8,400 and recorded it as a prepaid expense. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Ansel tries to get his studying done anyway he can. He always has so much to do: work, practice and Science Club. What does Ansel need? a. A tutor c. A new assignment calendar b. To quit some of his activities d. A study routine
Answers (1)
How & why has the suburbanization of business changed america?
Answers (1)
Which type of markup takes into account the total costs of running the company not just the wholesale cost of the product so that the markup amount is all profit?
Answers (1)
What country's coastline touches the Yellow Sea, East China Sea, and the Sea of Japan?
Answers (1)
A friend of yours trades stocks based on confidential information he overhears at his work. He even told you once that this information is not available to the general public.
Answers (1)
New Questions in Business
Companies can adapt their catalog revenue model online by replacing or supplementing their print catalogs with information on their Web sites. True False
Answers (1)
The United Kingdom produces computers and sells them to Japan. At the same time Japan produces cars and sells them to the United Kingdom. Suppose there is an appreciation in the pound. This will cause: A.
Answers (1)
When obtaining a mortgage, in order to not be taken, paying a much higher rate than neccessary, which can easily cost well over 100,000 additional dollars over the life of the loan, the authors recommend getting a minimum of how many quotes?
Answers (1)
Amber wants to apply for a job vacancy. She calls the recruiter who advertised this vacancy to learn more about the job. The recruiter gives some background information about the positive and negative qualities of the job to Amber.
Answers (1)
What is trade discount
Answers (2)