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20. The balance in the Prepaid Insurance account before adjustment is $3,600, which represents a three-year insurance policy purchased on January 2 of the current

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20. The balance in the Prepaid Insurance account before adjustment is $3,600, which represents a three-year insurance policy purchased on January 2 of the current year. At year-end, the adjusting entry would be (4 points) Page GENERAL JOURNAL A Description Post Ref. Date Debit Credit

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