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Adjustment for Prepaid txpense The prepaid insurance account had a beginning balance of 50,920 and was debited for 35,260 of premium paid during the year

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Adjustment for Prepaid txpense The prepaid insurance account had a beginning balance of 50,920 and was debited for 35,260 of premium paid during the year Joumalize the adjusting entry required at the end of the year, assuming the amount of unexpired Insurance related to tune periode is 32.90 mount to com require an entry, leave it blank

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