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Bowen Crab Co. paid prepaid 1-year insurance at $8,280 on April 2, 2018. What is the prepaid insurance balance as at February 28th 2019? Show

Bowen Crab Co. paid prepaid 1-year insurance at $8,280 on April 2, 2018. What is the prepaid insurance balance as at February 28th 2019? Show the necessary journal entries and fill out the T-accounts for the prepaid asset.

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