What Is the Proper Adjusting Entry at June 30, the End

question 75

Multiple Choice

What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, € 20,500, and unexpired amounts per analysis of policies of €4,000?

• A) Debit Insurance Expense, € 4,000; Credit Prepaid Insurance, € 4,000.
• B) Debit Insurance Expense, € 20,500; Credit Prepaid Insurance, € 20,500.
• C) Debit Prepaid Insurance, € 16,500; Credit Insurance Expense, € 16,500.
• D) Debit Insurance Expense, € 16,500; Credit Prepaid Insurance, € 16,500.

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Definitions:

Dendrites

The branched extensions of a neuron that receive signals from other neurons and convey them toward the cell body.

Neuronal Structures

The complex anatomy and morphology of neurons, including dendrites, axons, and synapses, which are essential for process and transmit information throughout the nervous system.

Axons

Long, slender projections of nerve cells, or neurons, that typically conduct electrical impulses away from the neuron's cell body.

Keyboard

A set of keys or buttons used for inputting data into a computer or other device.