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14. On December 31 the balance in the Prepaid Insurance account was $1,500, which is the remaining balance of a twelve-month policy purchased on October
14. On December 31 the balance in the Prepaid Insurance account was $1,500, which is the remaining balance of a twelve-month policy purchased on October 31 in the current year. How much did this policy riginally cost O $1,250 O $1,800 O $2,000 O $1.636 O $1,500
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