If 1800$ was paid for a one year insurance policy the adjustment to insurance expense at thr end of first month would be
Added by Imran S.
Step 1
This can be calculated by dividing the total cost of the policy by the number of months in a year. 1800$ / 12 months = 150$ per month At the end of the first month, the company has used one month of the insurance policy. Show more…
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