Beginning and ending prepaid insurance is $36,000 and $26,500 respectively. During the period, $30,500 of insurance expense was recorded. How much new insurance was purchased?
A)$2,500
B)$15,600
C)$49,000
D)$21,000

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The Answer of Beginning and ending prepaid insurance is $36,000 and $26,500 respectively. During the period, $30,500 of insurance expense was recorded. How much new insurance was purchased?
A)$2,500
B)$15,600
C)$49,000
D)$21,000

Beginning and Ending Prepaid Insurance Is $36,000 and $26,500 Respectively