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Question 139

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Use this information to answer the following question. The trial balance for Barnstable Corporation appears as follows:
Use this information to answer the following question. The trial balance for Barnstable Corporation appears as follows: If on December 31,2013,the insurance still unexpired amounted to $40,the adjusting entry would contain a A) debit to Prepaid Insurance for $60. B) credit to Prepaid Insurance for $60. C) debit to Insurance Expense for $40. D) credit to Prepaid Insurance for $40. If on December 31,2013,the insurance still unexpired amounted to $40,the adjusting entry would contain a


A) debit to Prepaid Insurance for $60.
B) credit to Prepaid Insurance for $60.
C) debit to Insurance Expense for $40.
D) credit to Prepaid Insurance for $40.

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