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25). Which of the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of $14,168 and unexpired insurance of
25).
Which of the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of $14,168 and unexpired insurance of $4,100, for the fiscal year ending on April 30? Oa. debit Prepaid Insurance, $10,068; credit Insurance Expense, $10,068 Ob. debit Insurance Expense, $10,068; credit Prepaid Insurance, $10,068 Oc. debit Prepaid Insurance, $14,168; credit Insurance Expense, $14,168 Od. debit Insurance Expense, $14,168; credit Prepaid Insurance, $14,168Step by Step Solution
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