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  3. . 23. an analysis of basf corp.'s unadjusted prepa

. 23. An analysis of BASF Corp.'s unadjusted prepaid expense account at December 31, year...

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. 23. An analysis of BASF Corp.'s unadjusted prepaid expense account at December 31, year 2, revealed the following: An opening balance of $1,500 for BASF comprehensive insurance policy. BASF had paid an annual premium of $3,000 on July 1, year 1. A $2,300 annual insurance premium payment made July 1, year 2. A $2,000 advance rental payment for a warehouse BASF leased for one year beginning January 1, year 3. In its December 31, year 2 balance sheet, what amount should Thrift report as prepaid expenses? * (3 Points) The value must be a number

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