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Posted on Aug 25, 2024

At December 3 1 , 2 0 2 5 , before any year - end adjustments, Concord Corporation's Prepaid Insurance account had a balance of

At December

31, 2025,

before any year

-

end adjustments, Concord Corporation's Prepaid Insurance account had a balance of $

4640 .

It was determined that $

2080

of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would beO$

2240

2560

2080

4640

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