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At December 31, 2020, before any year-end adjustments, Bonita Company's Insurance Expense account had a balance of $2460 and its Prepaid Insurance account had a
At December 31, 2020, before any year-end adjustments, Bonita Company's Insurance Expense account had a balance of $2460 and its Prepaid Insurance account had a balance of $7720. It was determined that $2890 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be O $2460 O $4830. O $5350. O $2890.
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