Monday
April 20, 2015

Homework Help: accounting

Posted by Thara on Sunday, January 30, 2011 at 5:55pm.

identify assumptions and concepts and correct entries.

On December 31, SGI Company's fical year end, a 12-month insurance policy for the following year was purchased. The following entry was made:
DR. insurance expense $24000
CR. cash $24,000

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

ACCOUNTING - I have to prepare an adjusting entry for Dec 31, 2008 for prepaid ...
accounting - I have to prepare an adjusting entry for Dec 31, 2008 for prepaid ...
ACCOUNTING plz help thnx - I have to prepare an adjusting entry for Dec 31, 2008...
Accounting - On April 1, 2009, the company paid an insurance company $5,000 for ...
ACCOUNTING - On July 1, 2011 you purchase and pay $36,000 for a three year ...
ACCOUNTING CONFUSED!! HELP - Andy Wright,D.D.S., opened a dental practice on ...
ACCOUNTING CONFUSED!! HELP - Andy Wright,D.D.S., opened a dental practice on ...
account (urgent!!pls help) - accounting question [prepare journal entries for ...
RE: adjusting entry - Can someone help me prepare an adjusting entry for the ...
Accounting - At December 31, 2007, before any year-end adjustments, Bollis ...

Members