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At December 31, 2003, before any year-end adjustments, Bollis Company's Prepaid Insurance account had a balance of $2,325. It was determined that $1,500 of the

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At December 31, 2003, before any year-end adjustments, Bollis Company's Prepaid Insurance account had a balance of $2,325. It was determined that $1,500 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be Select one: a. $1,500. b. $825. c. $2,325. d. $3,825

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