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Why is insurance expense debited?

Why is insurance expensive debited? First it says Markell Company purchased one year automobile insurance policy on September 1, 20-2 at a cost of 1800. At the time of the purchase, the accounting clerk would make the following journal entry. Sep 1: Prepaid insurance 1800 DR, Bank 1800 CR Then it says since the insurance was purchased on September 1, four months of coverage have been used and eight months of coverage. Dec 31 Insurance Expense 600 DR, Prepaid Insurance 600 CR I can understand why prepaid insurance is credit because it is deducted each time as the months ago until is it fully done.

   








Where can I get the best car insurance online in the UK?
What is the cheapest and most affordable auto insurance?
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How can i make my truck engine more powerful?
When purchasing home insurance, is there such thing as pre-existing" conditions?"
Are there any Insurance companies in the Philippines that have Mortgage Protection Insurance?
Car insurance problems?
How much would I pay monthly for insurance?
What can I do about car insurance from another state? PLEASE HELP!?
Does a 16 year old need a co-signer for car insurance?
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How much will my insurance be every month?
I received an insurance card, now what?
How can i get a fake insurance cardd?
Do you need insurance to ride a motorcycle with a motorcycle learner's permit in California?
Is there a grace period for paying auto insurance in ..Louisiana?
Life insurance policy pay outs?
How much will average insurance be for me.?
Do I need to use an insurance broker to buy business insurance?
Car insurance question regarding friends car?
Would an SUV or a sports car be more expensive for insurance?
What insurance is required on a new car in Florida?
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How much is insurance on a motorcycle?
Why is insurance for 18 year olds so expensive!!!!?
Teen males, how much was your insurance?
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Best car insurance companies?
I got a ticket for expired insurance in california?
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What is a claims payment check? I received it from my health insurances agency....?
Cost for braces if you have a overbite but you have insurance?
Cost for braces if you have a overbite but you have insurance?
How to get out of a car loan we can't afford anymore?
What happen if drive car with no insurance?
When does insurance rates go down?
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I need Car Insurance help!?
Will Verizon Insurance for Samsung Galaxy Note II Cover Shattered Screen?
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Estimation on car insurance?
Health insurance card says $200/20% for ER, Inpatient, and outpatient?
Should I get life insurance if I'm always at home but have dependents? I'm 30 now?
Should I get liability or full coverage on my car?
Why does Suze Orman hate whole life insurance?
How much does ACA insurance cost (you + gov.) if you earn only 12,000/yr.?
I'm 16, how much would insurance be if I had a 1993 Toyota Supra MKIV under my name?
What is the average cost to insure a 16 year old male in texas for a dodge ram 2500 quad cab 4x4?
https://zeinetquibunof.wordpress.com/2017/05/14/does-anyone-know-the-average-insurance-quotes-for-2007-nissan-altima-in-north-carolina/

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Car written off after hitting falling rubble from lorry on motorway. Will my fully comp insurance pay out?
I hit some falling rubble from a lorry on the motorway which has gone under the car and shot up in the engine like a pin ball and created all manner of damage. Luckily a colleague was behind and towed me to his house after I pulled over on the hard shoulder. The car is a 2000 BMW valued at about 2k. After looking at it in daylight, it will not drive as it has lost all gearbox fluid, has also lost all engine oil, the object has almost punched a hole through the bonnet (from the underside), engine mount is broken and other electrical components are kaput (alternator, fans etc). I have protected fully comp insurance, but have no details of the lorry the rubble fell from. Will my insurance company pay/repair in these circumstances? I believe it is a write off purely down to the low value of the car and man hours involved in replacing the parts, but will the insurance company do anything for me at all? 10 years protected NCB, this happened last night in the early hours (after a 12 hour shift) Thanks for your help/advice/guidance havent called them yet but will in a few hours. UK"


What is a good price for a 2007 SV650s?
I am looking to buy an SV650S. So far this decisions has been been placed on price, insurance cost, easability in riding (based on what I have reasearched), and overall looks. Once I get to the dealership it will get my final approval based on the feel when I actually get on it. But assuming that I still love the feel of the bike, how do I begin the haggling process. This is the first bike for me and I don't want to be taken advantage of. Currently near where I live, Los Angeles area, one is being adverticed as a new 2007 for $6199 OTD. Could this really be an out the door price? Can I haggle on an OTD price? Am i only allowed to touch and sit on the bike at the dealership? Could I ask them to throw in gear in the deal such as a jacket or a helmet or something?"


What kind of car is the most expensive to insure and what is the cheapest one to insure.?
What kind of car is the most expensive to insure and what is the cheapest one to insure.?


What is the cheapest insurance u can get with a cobalt ss because it is a super sports car?
i do not currently own it but if i find a super cheap quot so i can get it and i don't know much about insurance so can you explane why u have to have it and what it really pays for... if HyperGforce get in here i would really appreciate that because i love gm workers (my dad currently works there for 25 years and my grandpa also has worked there all his life so gm runs deep"" in my family."""


Insurance for 17 year old?
i was just wondering the cost of insurance when i turn 17 next year. my parents are paying around 800 each car on there policy. so when i get added to there policy how much approximately will it cost me?


Best insurance quote website?
I dont want to call 10+ companies and telling them the same info over and over. What is the best insurance quote website that allows me to get the most accurate quotes from the most companies?


How much does company car insurance cost for your personal car?
If i was to take out insurance for my car to cover it for company use how much does this usually cost??? i guess every car/individual is different but on average whats the usual cost??? thanks


How does insurance work for an accident?
I was hit from behind by an f250 and it completley destroyed my car, im getting cited for the accident for a slow speed of travel in a traffic lane. Will my insurance company still try to get my stuff back from the other insurance company? I talked to my claims person for insurance and told him the damages to property and medical damages."


Would life insurance be a good long term investment for a 19 year old?
I am thinking about purchasing life insurance as a long term investment and as a potential way to borrow money off the policy in the next 10-15 years.


I have a few questions about car repairs and auto insurance?
first off, i was in a small accident a couple weeks ago, and was wonder how much it would cost to have the following repaired: 1. the hood is very minorly damaged, there is just a small gap where the hood closes, plus a little scratched paint on one side (very minor) how much would it cost to have that straitened out? 2. when the front end got hit, it shifted it over a little, so there is a small gap inbetween the inside corner of the headlight and the grill area, how much to straighten that out? 3. also, in regards to insurance, is it allowed to have two different people insured on one car through different insurance companies?"


Where can I find Health insurance providers?
I am looking to buy a temporary health insurance. I am a student and need this health insurance for only 3 months. Do you know any reliable, health insurance providers that could help me with this? If you could please provide a website or a phone I would really appreciate it! Thank You"


What does insure mean?
What does insure mean?


Does a single man in his 20's need health insurance?
My boyfriend is 25 and does not have health insurance, does he heed it?? Does he need life insurance, or any other type of insurance??"


Do I have to be insured to drive an insured car?
I live in California and i recently got my drivers license. I am 17 and still in high school. My dad says i can't drive because i'm not insured even though the car i'm gonna be driving is insured. If i crash what would happen? My friends tell me that only the car needs insurance for me to drive. Who's right?


I don't have liability insurance! My mom drives her car that is insured! Can i drive her car?
I was removed from my parents insurance policy! My mom can drive her car cuz she has insurance. Can i drive her car>?


Why is insurance expense debited?
Why is insurance expensive debited? First it says Markell Company purchased one year automobile insurance policy on September 1, 20-2 at a cost of 1800. At the time of the purchase, the accounting clerk would make the following journal entry. Sep 1: Prepaid insurance 1800 DR, Bank 1800 CR Then it says since the insurance was purchased on September 1, four months of coverage have been used and eight months of coverage. Dec 31 Insurance Expense 600 DR, Prepaid Insurance 600 CR I can understand why prepaid insurance is credit because it is deducted each time as the months ago until is it fully done.


Why should the government force us to buy car insurance?
I guess what I'm saying is that not having health insurance is just as irresponsible as having car insurance. If you don't have health insurance and there's an emergency, the doctors have to treat you anyway. If you cant pay out of pocket, then the insurance companies have to provide charity pay, which they compensate for by jacking up the rates for the rest of us. The less people that have insurance, the more we have to pay for insurance. In many ways this is similar to the reason we need car insurance if we expect to drive."


"My sister in-law hit another car, she only has a permit and no insurance?"
I moved to america last year, my wifes sister hasnt got a full license yet she hit another car today. She has no inurance, she gave her name and her mothers car insurance details. I said when my wife told me, she should of just come clean, said she had no insurance she was being stupid and she would pay for the damage. In the UK you would be banned, fined etc. What happens in the usa? When the insurance check, name dosant match the policy name, she has no license etc."


Where I can get Cheap Home Insurance in Florida?
Where I can get Cheap Home Insurance in Florida?


Homework / car insurance question?
I have to do a budget for the next 5 years of my life and im lost on how to get the car insurance part figured out. I have to figure out hom much i would be paying for car insurance if i was to buy a car in the future? can someone please help, i'm so lost. and plz dont just give me a website to go to, plz explain it a little. thanks"


Why should we pay CAR insurance?
I know it is made to protect us from being sue, I understand this. BUT if we are MADE to pay insurance to drive a car then the Car insurance companies should be MADE to include Car replacement as a STANDARD pack for both Full and Liability coverage(Why should I lose my car because of a BAD driver) If your car is totaled and you are still making payments then you lose a car. If you paid off your car and it is totaled, you lose a car. Lastly, we who pay insurance and don't have an accident in six months(or one year)should be given a choice of a lower premium, cash returned or a loan."


Is common practice for an insurance company after a car accident?
She didn't run a stop sign or hit someone. The woman was speeding in a construction zone (she received a ticket for this) and my sister inched out into the street during a turn to see around a construction truck blocking her view. The woman zipped around the truck and slammed into her. My sister wasn't even moving.


Can I have Illinois Insurance if I live in Florida AND Illinois?
So my parents are divorced but have dual custody. I live with my mother in Florida but I frequently visit Illinois to see my father and I can whenever I want. I've been driving for 8 months now, registered and insured in Illinois because my mother also used to live in Illinois (they moved about a month ago). But I sold my car to move to Florida and buy one there. Now, I bought a car down here but I would like to register and insure the car with my father in Chicago. My license has my father's current address, so it would be a lot simpler and cheaper to have my car registered and insured in Chicago because I already have my plates, license and insurance policy set up. My question is, could I keep my car down here with Illinois plates and insurance legally? I will go back home to visit my father with it maybe twice a year"


Insurance???????????
I hit a deer and did a little damage to my car. I reported it to insurance company and brought the car to shop for an estimate. they gave me a quote of $1500. I have a $500 deductible so i dropped the car off to get fixed the next day i got a check from the insurance company. Is this my money the check is made payable to me. I don't get it


Home owners insurance shopping around...?
okay, i believe that my homes owners insurance is WAY out of line i want to shop around for a lower rate.... would i be dumb to fax out my existing policy ?? whats the best way to go about this ?"


Is accutane usually covered by insurance?
i have blue cross blue shield insurance if that helps.


I need non-owner car insurance?
http://handyproxy.cn/car-insurance.html


What happens to national insurance number?
if by the time i'm old they've got rid of pension where will it go


Where can i get cheap auto insurance in mass ?
Does anyone know a cheap auto insurance company or any where, where I could get help?"


Car insurance and car note?
OK, I'm nineteen. I've been saving up for my first car. But the thing is, I have to pay insurance, and a car note on my own. My mother became homeless, and my father I do not know. My godparents took me in, and they can't afford to add me on their insurance. So, being that I have a part time job at McDonald's, and go to college, It seems as if I have no way of affording a car and insurance. I haven't checked the rates of insurance, but I do understand that they are high for teenage males, and always vary on the type of car you have. I don't want anything fancy, a four door car that gets me from A to B. Is there anyway I can afford this? Please and thanks!"


How much is the ticket for driving with no insurance in missouri?
How much is the ticket for driving with no insurance in missouri?


Why is insurance expense debited?
Why is insurance expensive debited? First it says Markell Company purchased one year automobile insurance policy on September 1, 20-2 at a cost of 1800. At the time of the purchase, the accounting clerk would make the following journal entry. Sep 1: Prepaid insurance 1800 DR, Bank 1800 CR Then it says since the insurance was purchased on September 1, four months of coverage have been used and eight months of coverage. Dec 31 Insurance Expense 600 DR, Prepaid Insurance 600 CR I can understand why prepaid insurance is credit because it is deducted each time as the months ago until is it fully done.


Home insurance - difference between medical payment and Liability?
Home owner insurance - On my Personal Liability Schedule, I saw these: L - Personal Liabilty, $500,000 each occurance M - Medical payments $1,000 each person, $25,000 each accident What is the difference between personal liablity and medical payments? If someone slipped and injured in my yard, does that consider medical payment or liabilty? Thank you so much for your help!"


Car Accident........No collision insurance.?
I had an accident where I ran into the back of a car. A second car ran into the back of me. I do not have collision insurance. I gave a recorded statement to my insurance company describing the accident. Initially, I said that my car hit the first car tonce. I told the body shop to give me an estimate for the front end, since I may have to pay it. It was $3300. My car is only worth bluebook tradein at $3000. I contacted my insurance company and stated that I could not recall if my car hit the car in front a second time. I spoke to the person who hit me and she was wondering if the damage came from the first impact or if it was the result of a second impact. I am not sure. The first car reported to the driver that hit me that she felt an impact and then a vibration. How can I get some cash from the insurance company to help fix my car. The car that hit me and I have Geico."


How much does it cost to replace an Iphone 4 with insurance?
My Iphone 4 was recently stolen. I have insurance covering it but I just dont know how much it will cost to replace the Iphone. Anything helps... P.S. Im with verizon.


Insurance company's that cover weight loss surgery?
Anyone know of an insurance company that covers weight loss surgery


Do you need insurance to drive a car?
i live in alberta and i am wondering do you have to get insurance in order to drive a car will you be in trouble if you drive without insurance?????


What is the best 1st car you can get?
What is the best 1st car you can get?


Is illegal to sleep in your car in the state of Georgia?
I'm currently looking at my options for what to do, since I'll soon be kicked out of the house, with barely any income. I can not rent an apartment in my home town since every place averages about $400 a month, plus utilities. With my chosen profession, being a hair stylist, I have no clientele, and no income as of right now, other than another part-time job. I have found ways I could shower(Pilot, Flying J. etc.), but I need a place to sleep. If I sleep in my car at a truck stop(or your ideas), what do you think will happen as far as the law is concerned? I'll be homeless, but we all have to start somewhere. Please help me figure out what is best, and how I can go about avoiding being in trouble with the law. I'm not afraid of my safety, just what's stated above. I live in Gordon County, Georgia if you know of anything. Thank you for your help!"


Can i cancel my auto insurance after my car has been totalled?!!!! plz help 10 pts thanks?
I got into an accident on the 30th of May, and my insurance company deducts the money from my account every 10th of the month... which will be tomorrow. my car is totalled and i do not have any other vehicles.... and wont have a vehicle for maybe 4 months or so...Do i still have to pay for the insurance or can i cancel it ? thank you"


Cheap secondary insurance?
Im on Medicaid but looking for a cheap secondary plan. So when a Dr says they dont accept Medicaid, I have a real insurance to use to get care."


If i put the car insurance under my fathers name would i have to put the car under his name also?
Im going to lease a car for work but since i am 20 years old the insurance will be outrageously expensive. Would the car have to be under his name if i put the insurance under his name? Or can the car be under my name and have the insurance under this name? Can someone please explain these things to me? Would he be the policy holder and put me as the driver? If the car is under my name and the insurance under his what would happen if there was an accident?


Car insurance for men vs. women?
I was debating with a male that all other things equal that female car insurance is typically less then males. He was arguing that its the other way around. Who pays more for car insurance, men or women? And is there a accurate website I can look at for these statistics?"


I was in a car accident so i been off work how will the insurance pay me?
I been off work due.to my accident my insurance said ill get paid after 14 days due since I'm not able to work


What insurance company dosenot check credit history?
What insurance company dosenot check credit history?


Need wisdom teeth out but no insurance?
Last time I went to the dentist,which was about 6 months ago, they told me I have bad impacted wisdom teeth. Insurance would not cover any of the cost. After that I lost my insurance (turned 18 and also got a job) Unfortunately I was laid off and my teeth are worse and infected. I'm trying to get on insurance again but afraid they still wont. Its hurts so much and I even though i might have a job again soon there is no way I could pay for everything. I mean..I can barley get enough food. What can I do? I don't want it to get worse but i'm very broke."


Do classic/muscle cars cost more to insure?
Im 16 years old with my driving permit going to be g2 in a few months (can drive alone with g2) Im looking to get a classic or muscle car so cars such as late 60's camaro or mustangs to something later such as late 80's monte carlos the car will likely be a project (im up for a small to medium restoration) so id try to get antique insurance? my cousin has antique insurance on his '81 camaro thats almost mint and its been appraised and everything and he can drive it on weekends and theres a set km's that he can drive according to his insurance im fully able to do a restoration as ive worked in an auto shop and I know a bunch of parts suppliers & garages (including one of my cousins) basically ive got the place, the tools, the know-how (im an auto student) and a parts suppliers anyways what I want to do is have it on my dads insurance, his record has been clean since started driving which around 30 years do insurance companies charge more for say cars that have options such as SS"" or other things that make is look sporty or make the car faster (bigger & better engine) say car with a 267 chevy v8 would be less insurance than one with a 350 v8? is it cheaper to say my dads the primary driver while I drive it? do older cars generally have cheaper insurance? is there such a thing as project car insurance? (do I even have to have insurance on a project if im not driving it say for a month?) im just so confused with all the insurance talk like premiums and deductibles etc etc."""


Why is insurance expense debited?
Why is insurance expensive debited? First it says Markell Company purchased one year automobile insurance policy on September 1, 20-2 at a cost of 1800. At the time of the purchase, the accounting clerk would make the following journal entry. Sep 1: Prepaid insurance 1800 DR, Bank 1800 CR Then it says since the insurance was purchased on September 1, four months of coverage have been used and eight months of coverage. Dec 31 Insurance Expense 600 DR, Prepaid Insurance 600 CR I can understand why prepaid insurance is credit because it is deducted each time as the months ago until is it fully done.