18. Barkley Inc. prepaid for an insurance policy on July 31, Year 2, in the amount of 6,000. The entry to adjust the prepaid expense account on December 31, Year 2, would include which of the...


18. Barkley Inc. prepaid for an insurance policy on July 31, Year 2, in the amount of<br>6,000. The entry to adjust the prepaid expense account on December 31, Year 2, would<br>include which of the following?<br>a. a debit of P3,500<br>b. a credit of P3,500<br>C. a credit of 2,500<br>d. a debit of 2,500<br>

Extracted text: 18. Barkley Inc. prepaid for an insurance policy on July 31, Year 2, in the amount of 6,000. The entry to adjust the prepaid expense account on December 31, Year 2, would include which of the following? a. a debit of P3,500 b. a credit of P3,500 C. a credit of 2,500 d. a debit of 2,500

Jun 11, 2022
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