At December 31, 2022, Before Any Year-End Adjustments, Dallis Company's

question 142

Multiple Choice

At December 31, 2022, before any year-end adjustments, Dallis Company's Prepaid Insurance account had a balance of $5,800.It was determined that $2,600 of the Prepaid Insurance had expired.The adjusted balance for Insurance Expense for the year would be:

• A)$2,600.
• B)$3,200.
• C)$5,800.
• D)$2,800.

---

Definitions:

Troubleshooter

describes someone skilled in solving problems or fixing complex issues, often in technical or organizational contexts.

Commission Basis

refers to a method of payment based on a percentage of the sales one makes, as opposed to a fixed salary.

Purchasing Agent

An individual or entity responsible for acquiring goods or services for a business or organization, typically seeking the best terms and price.

Receptionist

A receptionist is a person employed in an office or an establishment to assist visitors by greeting, directing, and providing information.