Amos purchases an auto insurance policy in the amount of $900. Check # 1005 is issued...

Amos purchases an auto insurance policy in the amount of $900. Check # 1005 is issued to Farm Town Insurance. The policy is for 6 months and covers the period from 6/16 – 12/15. In order to provide Amos with accurate accounting information, expense the policy evenly over each of the six months.

Amos pays $1,200 (ck # 1013) for a one-year liability insurance policy. The policy coverage takes effect on August 1.

What will the adjusted entry for trial balance for September be???

Expert Solution

ekkarill92 answered 2 years ago

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