Olympic Sports Wear purchased a three month (December through February) insurance policy on December 1, 2012 at a cost for the quarterly period of $1,500. The accounting clerk debited the Prepaid Insurance account and credited cash for $1500 on December 1. It is now the end of the accounting year (December 31, 2012) and only one month’s insurance cost of $500 has expired. Write the adjusting entry below:

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step-by-step explanation:

y=3n + 1

step-by-step explanation:

this is wrong because it says the second number is one less and i added one instead

the solution is the point

step-by-step explanation:

we have

> equation a

> equation b

adds equation a and equation b

substitute the value of x in equation b to find the value of y

the solution is the point

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step-by-step explanation: