What Is the Proper Adjusting Entry at June 30 $€ 20,500$

question 138

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 $€ 6,000 ?$

• A) Debit Insurance Expense, \(€ 6,000\); Credit Prepaid Insurance, \(€ 6,000\).
• B) Debit Insurance Expense, \(€ 20,500\); Credit Prepaid Insurance, \(€ 20,500\).
• C) Debit Prepaid Insurance, \(€ 14,500\); Credit Insurance Expense, \(€ 14,500\).
• D) Debit Insurance Expense, \(€ 14,500\); Credit Prepaid Insurance, \(€ 14,500\).

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Definitions:

Aggressive Behavior

Actions intended to cause harm or damage to another person or object.

Inferential Statistics

The branch of statistics that focuses on making predictions or inferences about a population based on a sample of data drawn from that population.

Confounding Variables

Variables that the researcher failed to control or eliminate, which can cause a false association between the studied variables.