Asked by Larry

I posted a question and didn't get it answered, why?

The Joseph, Inc. uses the accrual basis of accounting. Joseph's insurance expense account had a $23,000 balance at the end of the year. The prepaid insurance account had a $6,000 balance at the beginning of the year and a $3,000 balance at the end of the year. How much cash was paid for insurance during the year?
Answered by Ms. Sue
Your question wasn't answered because none of our regular tutors is an expert in insurance or accounting.


Answered by Larry
That sucks, but thanks anyways.
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