Prepaid insurance: the prepaid insurance account has a $5,000 debit balance to start the year. a review of insurance policies and payments shows that $1,000 of unexpired insurance remains at the end of the year.
1. the beginning balance of prepaid insurance: (5 pts)

2. the amount to be adjusted (show your calculation): (5 pts)

3. the ending balance of the account after the adjustment (show your calculation): (5 pts)

4. adjusting journal entry ( include description): (10 pts)
date account debit credit

1. Beginning balance of Prepaid Insurance is $ 5,000

2. Amount to be adjusted = 5,000 - 1,000 = $ 4,000

3. Ending balance of the account after the adjustment = 5,000 - 4,000 = $ 1,000

4. December 31st:

Debit of $ 4,000 to Insurance Expense

Credit of $ 4,000 to Prepaid Insurance

Step-by-step explanation:

1. Beginning balance of Prepaid Insurance is $ 5,000

2. Amount to be adjusted = Beginning balance - ending balance

  Amount to be adjusted = 5,000 - 1,000 = $ 4,000

3. Ending balance of the account after the adjustment = Beginning balance - amount to be adjusted

   Ending balance of the account after the adjustment = 5,000 - 4,000 = $ 1,000

4. December 31st:

Debit of $ 4,000 to Insurance Expense

Credit of $ 4,000 to Prepaid Insurance

step-by-step explanation:

you divide the denominator by the numerator on both sides and if the quotients are equal then the fractions are equivalent

answer: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.

step-by-step explanation: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.