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Which d the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of $14,000 and unexpired Insurance of $3,000,

Which d the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of $14,000 and unexpired Insurance of $3,000, for the fiscal year ending on April 30?

a. debt Insurance Expense, $14,000; credit prepaid Insurance, $14,000

b. debt Insurance Expense. $3,000; credit Prepaid Insurance, $3,000

c. debt Prepaid Insurance, $11,000; credit Insurance Expense, $11,000

d. debt Insurance Expense, $11,000; credit Prepaid Insurance, $11,000

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