What Is the Proper Adjusting Entry at December 31, the End

question 117

Multiple Choice

What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance account is $7,750 before adjustment, and the unexpired amount per analysis of policies is, $3,250?

• A) Debit Insurance Expense, $3,250; credit Prepaid Insurance, $3,250.
• B) Debit Insurance Expense, $4,500; credit Prepaid Insurance, $4,500.
• C) Debit Prepaid Insurance, $4,500; credit Insurance Expense, $4,500.
• D) Debit Insurance Expense, $7,750; credit Prepaid Insurance, $7,750.
• E) Debit Cash, $7,750; Credit Prepaid Insurance, $7,750.

Understand the concept of ambivalent sexism and its two elements.

Comprehend the dynamics of self-fulfilling prophecies in social interactions.

Evaluate the societal implications of living in a patriarchal society for women.

Analyze the concept and examples of backlash against women.

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Definitions:

FAD

Flavin adenine dinucleotide, a redox-active coenzyme associated with various proteins and involved in several important enzymatic reactions in metabolism.

ADP

Adenosine diphosphate, a molecule involved in energy transfer within cells and plays a crucial role in metabolism.

NADPH

A coenzyme involved in anabolic reactions, such as lipid and nucleic acid synthesis, and provides the reducing power needed for the biosynthetic processes in cells.

Exergonic Reaction

A chemical reaction that releases energy to the surroundings, typically in the form of heat.