Eves apples opened business on january 1 20x8 and paid for, Ask an Expert

Accounting

Eve's Apples opened business on January 1, 20X8, and paid for two insurance policies effective that date. The liability policy was $36,000 for eighteen-months, and the crop damage policy was $12,000 for a two-year term. What was the balance in Eve's prepaid insurance as of December 31, 20X8?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9100283

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