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Prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a review of insurance policies and payments shows that $900 of unexpired insurance remains at year-end
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Prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a review of insurance policies and payments shows that $900 of unexpired insurance remains at year-end

User Dwirony
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Answer:

Insurance expense for the year = $4,700 - $900 = $3,800 Journal...

User CTSchmidt
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