Expensefevenue an the Inanrne statement 1M! m- – m- – _-_ – The fallawing balances are excerpted from the Campanfs balance sheets Prepaid Insurance

Expensefevenue an the Inanrne assertion 1M! m- – m- – _-_ – The fallawing balances are excerpted from the Campanfs steadiness sheets Pay as you go Insurance protection

Im having just a little little bit of hassle figuring what accounts go debit or credit score rating inside the T accounts, and break them downI suppose my options are correct in ( Ins. premium paid, Rental funds, Curiosity obtained, Curiosity paid, and salaries paid). PLEASE HELP! THX
Exp:Insurance protection Exp 25200 T- accounts Pay as you go ins. = Dr. 1300 + ?=1800, ?= 500 { 1300 +500=1800) Ins. Exp: Dr. 25200+500 = 25700 (Steadiness of $25700) Cash? 25200
Pay as you go Insurance protection 500Insurance protection Premium paid 500.
and the insurance coverage protection premium could be $ 25,700.

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Expensefflevenue an the Inanrne assertion 1M! —

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The fallawing balances are excerpted from the Campanfs steadiness sheets Pay as you go Insurance protection

repaid Lease

nterEt Receivable

InterEt Payable

Salaries Payable ‘D Iléggggllggggg Insurance protection premium paid’:I

Rental paymenls?

nterEt Obtained?

InterEt Paid ? Salaries Paid’:I IIIIIIIIIIIIIII

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