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At December 31, 2015, Before Any Year-End Adjustments, Ubanigi Corp

Question 38

Multiple Choice

At December 31, 2015, before any year-end adjustments, Ubanigi Corp.'s Insurance Expense account had a balance of $725 and its Prepaid Insurance account had a balance of $2,900.It was determined that $1,500 of the Prepaid Insurance had expired.The adjusted balance for Insurance Expense for the year would be


A) $2,225.
B) $1,500.
C) $1,125.
D) $ 725.

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