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At December 31, 2022, before any year-end adjustments, Mody Company's Insurance Expense account had a balance of $5,200 and its Prepaid Insurance account had a
At December 31, 2022, before any year-end adjustments, Mody Company's Insurance Expense account had a balance of $5,200 and its Prepaid Insurance account had a balance of $15,200. It was determined that $6,400 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be Select one: a. $8,800. b. $11,600. c. $6,400. d. $5,200.
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