Business, 07.07.2019 14:20 timothycarter342

Wilson company paid $4,800 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $4,800 and no adjustments had been made previously. the adjusting entry required on december 31 is:

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Wilson company paid $4,800 for a 4-month insurance premium in advance on november 1, with coverage b...