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ACC 323 Chapter 20 Prcpaid Insurance Balance \begin{tabular}{l|l|c|} \hline Type of Insurance & Pollcy Period...

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ACC 323 Chapter 20 Prcpaid Insurance Balance \begin{tabular}{l|l|c|} \hline Type of Insurance & Pollcy Period & Total Premlum \\ \hline Warkers Comp & 10/1/209/30/21 & 7,260 \\ \hline TDI & 1/1/2012/31/20 & 3,936 \\ \hline Auto & 4/1/203/31/21 & 6,240 \\ \hline Gencral Liabilty & 6/1/205/31/21 & 10,464 \\ \hline \end{tabular} The following JE is made for each policy at the start of the policy period. \begin{tabular}{|l|l|l|l|} \hline DR & Prepaid Insurance & Total Premium \\ \hlineCR & Insurance Paysble & Pluk \\ \hlineCR & Cash & Down Payment \\ \hline \end{tabular} The following EOM (cnd of manth) JE is made for cach type of insurance. DR. Insurance Expense Manthly Allocation CR Prepaid Insurance Monthly Allocation Determine the agoropriate ending balance in the Pregald Insurance Account at 12/31/20

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