Insurance coverage remaining entry needed to adjust account

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Reference no: EM131247606

The prepaid insurance account has a $6000 beginning balance. Additional insurance premiums in the amount of $10000 were paid during the year. At year-end there is $2400 of insurance coverage remaining the entry needed to adjust the account is ?

Reference no: EM131247606

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Insurance coverage remaining entry needed to adjust account : The prepaid insurance account has a $6000 beginning balance. Additional insurance premiums in the amount of $10000 were paid during the year. At year-end there is $2400 of insurance coverage remaining the entry needed to adjust the account is ?

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