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19. Colonial Systems prepares monthly financial statements. Colonial would record a prepaid expense in each of the following situations except: A. Colonial Systems purchased a
19. Colonial Systems prepares monthly financial statements. Colonial would record a prepaid expense in each of the following situations except: A. Colonial Systems purchased a two-year fire insurance policy. B. Colonial Systems paid for six months' gardening services in advance. C. A tenant paid Colonial Systems three months' rent in advance. D. Colonial Systems purchased enough office supplies to last several months
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