Company H
Company H reported the following information:
$$\begin{array} { l l }
\text { Prepaid insurance, December 31, Year 2 } & \$ 14,000 \
\text { Prepaid insurance, December 31, Year 1 } & 11,500 \
\text { Insurance expense for Year 2 } & 25,200
\end{array}$$
-Refer to the figure Company H.How much cash was paid for insurance during Year 2?

Question

Company H
Company H reported the following information:
 $$\begin{array} { l l } 
\text { Prepaid insurance, December 31, Year 2 } & \$ 14,000 \
\text { Prepaid insurance, December 31, Year 1 } & 11,500 \
\text { Insurance expense for Year 2 } & 25,200
\end{array}$$
-Refer to the figure Company H.How much cash was paid for insurance during Year 2?

Quizplus · Accepted Answer

The Answer of Company H
Company H reported the following information:
 $$\begin{array} { l l } 
\text { Prepaid insurance, December 31, Year 2 } & \$ 14,000 \
\text { Prepaid insurance, December 31, Year 1 } & 11,500 \
\text { Insurance expense for Year 2 } & 25,200
\end{array}$$
-Refer to the figure Company H.How much cash was paid for insurance during Year 2?

Company H Company H Reported the Following Information -Refer to the Figure Company H

Company H
Company H Reported the Following Information -Refer to the Figure Company H