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11 2.5 points Sem An Caddo Hunting Club purchases one year of food insurance in advance on April 1, paying $12,000 ($1,000 per month) On

11 2.5 points Sem An Caddo Hunting Club purchases one year of food insurance in advance on April 1, paying $12,000 ($1,000 per month) On the December 31 balance sheet, what is the balance in the prepaid insurance account? $2,000 $9,000 $3,000 $4,000

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