Can anyone tell me if this is correct and if not what I did wrong. Thank you Exercise 3-7 On March

 
   

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Can anyone tell me if this is correct and if not what I did wrong. Thank you Exercise 3-7 On March 1, 2003, a company paid a $16,200 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table: Check 2005 insurance expense: Accrual, $5,400; Cash, $0. Dec. 31, 2005, asset: Accrual, $900; Cash, $0 Balance Sheet Insurance Asset Using Accrual Basis Cash Basis Dec. 31, 2003 $_450.00____ $___0__ Dec. 31, 2004 _6,300.00 ___ ___0__ Dec. 31, 2005 _900.00_____ ___0___ Dec. 31, 2006 _____0__ ____0___ Insurance Expense Using Accrual Basis Cash Basis Dec. 31, 2003 $4,500.00__$_16,000______ Dec. 31, 2004 __5,400.00______ _______ Dec. 31, 2005 __5,400.00 ____ ___0____ Dec. 31, 2006 __900.00______ ___0____ Total $_16,200.00______ $_16,000__