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Amir Designs purchased a one-year liability insurance policy on March 1st of this year for $4,440 and recorded it as a prepaid expense. Select the
Amir Designs purchased a one-year liability insurance policy on March 1st of this year for $4,440 and recorded it as a prepaid expense. Select the amounts that would be recorded for insurance expense during the adjusting process at the end of Amir's first month of operations on March 31st? Select the correct answer.
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