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Q: In which year did Long Term Care insurance began as skilled nursing home coverage?
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Paid 11520 for six months insurance premium what will be the journal entry?

debit prepaid insurance 11520credit cash 11520Debit Insurance Expense 1,920 Debit Prepaid Expenses 9,600 Credit Cash 11,520 This assumes the payment is made in the first month of coverage. If the payment is made before the coverage begins, the entire amount would be posted to Prepaid Expenses. If the payment was made after the coverage began (for example, in the second month of coverage), you would post the remaining number of months times 1,920 to Prepaid and the balance to Insurance Expense.


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she was not skilled in acting so she began to quack like a duck


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Only if the pregnancy began before the insurance policy.


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