Question
At December 31, 2013, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $5,680. It was determined that $2,550 of the
At December 31, 2013, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $5,680. It was determined that $2,550 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be?
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