Use This Information to Answer the Following Question

question 139

Multiple Choice

Use this information to answer the following question. The trial balance for Barnstable Corporation appears as follows:
If on December 31,2013,the insurance still unexpired amounted to $40,the adjusting entry would contain a

• A) debit to Prepaid Insurance for $60.
• B) credit to Prepaid Insurance for $60.
• C) debit to Insurance Expense for $40.
• D) credit to Prepaid Insurance for $40.

---

Definitions:

Queues

Lines or sequences of people or vehicles awaiting their turn to be attended to or to proceed.

Social Movements

Collective, organized efforts by groups of people to promote or resist change in society based on shared objectives and ideologies.

Physical Location

The tangible and geographical place or position where something or someone exists or operates.

Crowd Psychology

The study of how individual behavior is influenced by large groups of people, including the way emotions and behaviors can be contagious.