Solution-Income statement columns for insurance expense

Income statement columns for insurance expense

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Reference no: EM133253915

In a worksheet, the balances reported for prepaid insurance in the trial balance and adjusted trial balance were $4,800 and $3,300 respectively while the balance for insurance expense was $0. The amounts reported in the adjustments and the income statement columns for insurance expense were

$1,500 in the adjustments column and $1,500 in the income statement column.
$4,800 in the adjustments column and $4,800 in the income statement column.
$3,300 in the adjustments column and $1,500 in the income statement column.
$3,300 in the adjustments column and $3,300 in the income statement column.

Reference no: EM133253915

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Income statement columns for insurance expense

Reference no: EM133253915

Reference no: EM133253915

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