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insurance expense balance sheet

December 23rd, 2009 admin Leave a comment Go to comments

insurance expense balance sheet
Expenditure Account … The answer given is $ 1100.00 … How can the following figures given?

Need help understanding how calculated as follows: The answer given is $ 1100.00 … How? The balance of prepaid insurance 1st Acc to 08 of July was $ 1365.00. As of 30 09 of junio sample income statements of insurance costs $ 1455.00 and the amount in the balance of prepaid insurance is $ 1049.00. What is the amount of insurance purchased during this exercise? My answer is $ 1139.00, but the answer to this question is $ 1,100 … HOW? Data does not compute, undertand that, but the answer is correct. This issue is examined my undergraduate accounting of the Organization

= 1365 + X 1455 1049 X = 1455 1049-1365 = 1139 1049 X 1455 = 2504 1365 1100 = 2465 You do not compute data

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