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  3. through 2/28/y6) for $3,600 cash. mima purchased 1

through 2/28/Y6) for $3,600 cash. Mima purchased 18-months insurance plan (effective 9/LY4 Q38. Indicate the...

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Accounting

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through 2/28/Y6) for $3,600 cash. Mima purchased 18-months insurance plan (effective 9/LY4 Q38. Indicate the account title to be debited by $3,600. A. Acct Payable B. Allowance for Insurance C.Cash D. Insurance Expense E. Prepaid Insurance Q39. Indicate the account title to be credited by $3,600. A. Acct Payable B. Allowance for Insurance C. Cash D. Insurance Expense E. Prepaid Insurance Transaction 6B December.31Y4: prepare adjusting entry for the insurance expired during Y4 040. What is the amount of the adjustment? A. $3,600 B. $2.400 C.S1.200 D. $800 E.So Q41. Indicate the account title to be debited A. Allowance for Insurance B. Cash C. Insurance Expense D. Prepaid Insurance E. None 042. Indicate the account title to be credited A. Allowance for Insurance B. Cash C. Insurance Expense D. Prepaid Insurance E. None BONUS POINTS: 043. Which of the following account balances would be closed at year-end? A. Interest expense B. Accumulated depreciation. C. Retained carnings. D. Unearned revenues 044. Which of the following accounts would be increased with a credit? A. Land B. Cash C. Acct Receivable D. Contributed Capital E. Interest Expense 7 of 7

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