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Assume Idaho Company recorded the following adjusting journal entry at year-end Insurance expense Prepaid insurance 3.300 If the beginning balance in prepald Insurance was $300
Assume Idaho Company recorded the following adjusting journal entry at year-end Insurance expense Prepaid insurance 3.300 If the beginning balance in prepald Insurance was $300 and $9,000 was pald for an Insurance premium during the year, what is the ending balance In the prepald insurance account after the above adjusting entry? O $8,700 O s6,000 O $6.200 O $5,700
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