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Adjusting entries for prepaid insurance required under each of the following alternatives for determining the amount of the adjustment: a . The amount of unexpired

Adjusting entries for prepaid insurance required under each of the following alternatives for determining the amount of the adjustment:
a. The amount of unexpired insurance applicable to future periods is $1,700. If an amount box does not require an entry, leave it blank.
b. The amount of insurance expired during the year is $17,500. If an amount box does not require an entry, leave it blank.
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