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A company shows an $800 balance in Prepaid Insurance in 3 point the Unadjusted Trial Balance columns of the work sheet. The Adjustments columns show
A company shows an $800 balance in Prepaid Insurance in 3 point the Unadjusted Trial Balance columns of the work sheet. The Adjustments columns show expired insurance of $600. This adjusting entry results in * O $600 less profit O $600 more profit $200 difference between the debit and credit columns of the unadjusted trial balance O $400 in the Income Statement Debit column on the work sheet O $400 in the Balance Sheet Credit column on the work sheet
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