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At December 31, 2022, before any year-end adjustments, Monty Corp's Insurance Expense account had a balance of $910 and its Prepaid Insurance account had a
At December 31, 2022, before any year-end adjustments, Monty Corp's Insurance Expense account had a balance of $910 and its Prepaid Insurance account had a balance of $3620. It was determined that $1800 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be O $910 $2710 O $1800 O $2125
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