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At 30 September 2021, before any year-end adjustments, Vaccine Limited's accounts showed the following: The Insurance Expense account had a normal balance of $3,800; and

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At 30 September 2021, before any year-end adjustments, Vaccine Limited's accounts showed the following: The Insurance Expense account had a normal balance of $3,800; and The Prepaid Insurance account had a normal balance of $1,450. An analysis of both accounts revealed that only $3,000 of benefits from insurance had been realised in the year ending 30 September 2021. Ignore GST The required adjusting journal entry will: Select the one correct answer: O Credit Prepaid Insurance with $800. O Debit Insurance Expense with $3,000. O Debit Prepaid Insurance with $800. O Credit Prepaid Insurance with $1,450

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