Business, 22.01.2020 23:31 naomicervero
Kurt simmons has 50/100/15 auto insurance coverage. one evening he lost control of his vehicle hitting a parked car and damaging a storefront along the street. damage to the parked car was $6,300, and damage to the store was $15,820. what amount will the insurance company pay for the damages? what amount will kurt have to pay?
Answers: 3
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Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.
Answers: 1
Kurt simmons has 50/100/15 auto insurance coverage. one evening he lost control of his vehicle hitti...
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