Qrs industries opens its fiscal year with a $500 balance in its prepaid insurance account. qrs purchases $2,500 in insurance policies during the year. if $875 of insurance has expired during the year, what is the year-end balance in the prepaid insurance account after all necessary entries have been made? a : $1,625 debit b : $2,125 debit c : $3,000 debit d : $875 credit

Step-by-step explanation:

$2,500-$875=1625

1625+500=2125

So I think  the answer is B:$2125 debit

The correct option is B.

Step-by-step explanation:

It is given that QRS Industries opens its fiscal year with a $500 balance in its prepaid insurance account.

$500 (Debit)

QRS purchases $2,500 in insurance policies during the year.

$2,500 (Debit)

$875 of insurance has expired during the year.

$875 (credit)

The balance in the prepaid insurance account after all necessary entries is

Balance = $500 + $2,500 - $875

Balance = $2,125

Therefore the the correct option is B.

steve should create a type of business report called a business plan. the correct option among the options that are already given in the question is the last or the fourth option. this business report created by steve will actually influence the investors about investing their money in steve's business. this business report will have all the details about the business, the amount of investment required and the amount of expected profit.

sas (side angle side)

aa(angle angle)

sss(side side side)

sas you have to find two sides with an angle in between

aa you find two angles because it will always add up to 180

sss find all sides

step-by-step explanation: