A business prepares its financial statements to 30 April each year. The ledger account balances on 1 May 2014 included insurance (debit) $800. On 31 October 2014, an insurance premium of $2100 was paid for the year ending 31 October 2015. Which amount was included as insurance expense in the income statement for the year ended 30 April 2015?
- A$1050
- B$1850
- C$2100
- D$2900