Kiss the Chef Co., a cooking school, purchased a two-year insurance policy on April 1, 2020, paying

Kiss the Chef Co., a cooking school, purchased a two-year insurance policy on April 1, 2020, paying cash of $7,680. Its year-end is December 31. a. Record the journal entry on April 1, 2020. a. How many months are between April 1, 2020 and December 31, 2020? Record the adjusting entry on December 31, 2020, a. How many months are between January 1, 2021 and December 31, 20121 Record the adjusting entry on December 31, 2021. d. How many months of the insurance policy are left in 2022?

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