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: qrs industries opens its fiscal year with a $500 balance in its prepaid insurance account. qrs purchases $2,500 in insurance policies during the year. if $875 of insurance has expired during the year, what is the year-end balance in the prepaid insurance account after all necessary entries have been made?

User Eric Bynum
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1 Answer

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The answer is 1,428.57143

User Timoschloesser
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