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Question: on april 1 20x4 a company paid 17573 for a...

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On April 1, 20x4, a company paid $17573 for a three year insurance policy. The entire amount was debited to insurance expense. The December 31 adjusting entry will include a credit to: Select one O a. Prepaid insurance in the amount of $4393 b. Insurance expense in the amount of $13180 O c. Insurance expense in the amount of $4393 O d. Prepaid insurance in the amount of $13180 Check On January 1, 20x7 you had $ 14140 in your office supplies inventory account. During the year you purchased an additional $ 44149 of office supplies. A physical count of the supplies on December 31, 20x7 reveals that you have $ 18987 of supplies on hand. What is supplies expense for the year ended December 31, 20x7? Select one: O a. $48996 O b. $77276 O c. $39302 O d. $14140 Check

On June 1, 20x7, Cambo Corp. paid an annual business insurance premium of $10096. At the time, the bookkeeper debited insurance expense and credited cash. It is now December 31, 20x7 and the adjusting entries are being prepared. Which of the following entries would adjust the prepaid insurance and insurance expense accounts to the appropriate balances? Select one: O a. Debit insurance expense $5889; Credit prepaid insurance $5889 O b. Debit insurance expense $4207; Credit prepaid insurance $4207 O c. Debit prepaid insurance $4207; Credit insurance expense $4207 O d. Debit prepaid insurance $5889; Credit insurance expense $5889 Check

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