Thursday
October 2, 2014

Homework Help: accounting

Posted by Beverly on Sunday, July 22, 2012 at 8:18am.

A company has an insurance policy for fifty thousand dollars that is due. How is this set up when the company does not pay it in full. It is paid monthly to an insurance premium company within one year. How do we set it up on the company books? There is a note to Premium company for the whole amount of the premium.

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 ...
statistics - An insurance company charges its policy holders an annual premium ...
Math-Stats - An insurance company charges its policy holders an annual premium ...
ACCOUNTING plz help thnx - I have to prepare an adjusting entry for Dec 31, 2008...
Intermediate Accounting - I am having a hard time calculating this my question ...
economics - (Insurance) Let X = R+. Consider a house owner whose house has a ...
math - helping lil bro with homework and he forgot to bring his books home and I...
business math - The property of Alís garage is worth $300,000. Al has a fire ...
business and finance - The property of Alís garage is worth $300,000. Al has a ...

Search
Members