In accounting, if you buy pre-paid insurance for 1600 and are making a trial balance for one month...?

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Bill
Asked at 2012-05-27 01:29:05
and I have to find the setting of a month, but usually I just divide by 12, because 12 months in a year . but when I do I get a number with a decimal ... please let me know what I'm doing wrong! this is what the problem says "Paid $ 1,600 cash in the insurance policy a year from March 1 ," then the setting for saying " one twelfth of the insurance expired"
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