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c. $35,000 d. 115,000 51 Below is the T-account for prepaid insurance for 2017: Dr Prepaid Insurance 10,000 Cr. 12/31 17,000 12/31 13,000 The company

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c. $35,000 d. 115,000 51 Below is the T-account for prepaid insurance for 2017: Dr Prepaid Insurance 10,000 Cr. 12/31 17,000 12/31 13,000 The company adjusts the accounts at the end of the year. Insurance purchased during 2017 is: a. $14,000 b. $6,000 c. $23,000 d. $20,000

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