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Title: The January 1, 2013, balance in the Prepaid Insurance account was $3,150 and represented the ... Post by: gOOvER on Sep 19, 2017 The January 1, 2013, balance in the Prepaid Insurance account was $3,150 and represented the unexpired portion of a two-year policy purchased October 1, 2012. What is the required year-end adjusting journal entry on December 31, 2013?
A) Dr. Insurance Expense 1,575 Cr. Prepaid Insurance 1,575 B) Dr. Insurance Expense 1,800 Cr. Prepaid Insurance 1,800 C) Dr. Prepaid Insurance 1,575 Cr. Insurance Expense 1,575 D) Dr. Prepaid Insurance 3,150 Cr. Insurance Expense 3,150 Title: Re: The January 1, 2013, balance in the Prepaid Insurance account was $3,150 and represented the ... Post by: Hanoi on Sep 19, 2017 Content hidden
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