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  3. 3/11/2014 12/18/2014 1,166.67 12/19/2013 1

3/11/2014 12/18/2014 1,166.67 12/19/2013 12/18/2014 ...

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Accounting

3/11/2014 12/18/2014 1,166.67
12/19/2013 12/18/2014 5,800.00
5/29/2014 5/28/2015 7,600.00
12/26/2013 7/25/2014 500.00
7/26/2014 7/25/2015 750.00
1/1/2014 12/31/2014 4,200.00
3/6/2014 3/6/2015 4,670.00
3/6/2013 3/6/2014 4,670.00

The above information contains the terms and invoice amounts for several prepaid expenses. Calculate the monthly amortization for each (include equations) and determine the balances for each as of 12/31/2014. Use quarter of a month depreciation.

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