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Business, 09.12.2020 21:30 lewislatavia043
The balance in the prepaid insurance account before adjustment at the end of the year is $6,400, which represents the insurance premiums for four months. The premiums were paid on November 1. The adjusting entry required on December 31 is:
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The balance in the prepaid insurance account before adjustment at the end of the year is $6,400, whi...
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