The prepaid insurance account showed an opening balance of $24 000 and a closing balance of $27

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The prepaid insurance account showed an opening balance of $24 000 and a closing balance of $27 000.

Insurance expense was $69 000. What were the cash payments for insurance?

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Fundamentals Of Accounting And Financial Management

ISBN: 9780170454797

8th Edition

Authors: Professor Ken Trotman, Kerry Humphreys

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