I don't know answer please help me this question solution On September 1, Dawson Enterprises paid six months' insurance in advance totaling$9,000. The policy begins on September 1. An adjusted trial balance prepared onDecember 31 would include a balance in the Prepaid Insurance account of:A. $3,000B. $0C. $4,500D. $6,000

Step 1: Definition of Prepaid InsurancePrepaid insurance is an asset account that represents the…

Answered: On September 1, Dawson Enterprises paid…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

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Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 11Q: If the Prepaid Insurance account had a balance of $12,000, representing one years policy premium,...

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On September 1, Dawson Enterprises paid six months' insurance in advance totaling $9,000. The policy begins on September 1. An adjusted trial balance prepared on December 31 would include a balance in the Prepaid Insurance account of: A. $3,000 B. $0 C. $4,500 D. $6,000