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Qwerty, Inc. prepaid $4,800 on October 1, 2014 for a oneyear insurance premium. On January...

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Question

Accounting

Qwerty, Inc. prepaid $4,800 on October 1, 2014 for a oneyear insurance premium. On January 1, 2015 of the next year (after December 31 adjustments), the Prepaid Insurance account will have a debit balance of ________. (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.)

A.$4000

B.4800

C.$800

D.$3600

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