On October 1,McReady Company Paid Six Months' Insurance in Advance

question 168

Multiple Choice

On October 1,McReady Company paid six months' insurance in advance totaling $3,600.The policy begins on October 1.An adjusted trial balance prepared on December 31 would include a balance in the Prepaid Insurance account of:

• A)$0.
• B)$1,200.
• C)$1,800.
• D)$3,600.

---

Definitions:

Attributes

Qualities or features regarded as characteristic or inherent to someone or something.

Leader Traits

Inherent characteristics or qualities that contribute to an individual's capacity to lead, inspire, and influence others effectively.

Heredity

The biological process by which genetic characteristics are transmitted from parents to their offspring.

Learning

The acquisition of knowledge or skills through study, experience, or teaching, enabling a person to understand new subjects or perform new tasks.