. prepare any journal entries, adjusting journal entries, and closing journal entries required on january 2, 2018, december 31, 2018, and december 31, 2019. 2. prepare the t-accounts for prepaid insurance, insurance expense, cash, and retained earnings. assume the january 2, 2018, balances in these accounts were $0, $0, $90,000, and $80,000, respectively. 3-a. given only the entries for insurance, indicate what amounts would be reported for each of these accounts on the balance sheet prepared on december 31, 2018, and december 31, 2019. 3-b. given only the entries for insurance, indicate what amounts would be reported for each of these accounts on the income statement prepared on december 31, 2018, and december 31, 2019. Get the answer
Category: chemistry | Author: Valko Tomer