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Adjustment for Prepaid Expense The prepaid insurance account had a beginning balance of 55,690 and was debited for $3.240 of premium paid during the vast

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Adjustment for Prepaid Expense The prepaid insurance account had a beginning balance of 55,690 and was debited for $3.240 of premium paid during the vast Joumalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periode $2.770. If an amount box does not require an ent Insurance Expense Prepaid Insurance

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