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Can anyone help? Accounting... need solution ty... The following information is taken from MAI Company's unadjusted and adjusted trial balances: Unadjusted Adjusted Debit Credit Debit
Can anyone help? Accounting... need solution ty...
The following information is taken from MAI Company's unadjusted and adjusted trial balances: Unadjusted Adjusted Debit Credit Debit Credit Prepaid insurance $8,200 $7,4000 Interest payable 0 $1,600 a. $800 debit to Insurance expense and $1,600 debit to Interest payable. b. $800 debit to Insurance expense and $1,600 debit to Interest expense. $800 credit to Prepaid insurance and $1,600 debit to interest payable. d. $800 debit to Prepaid Insurance and $1,600 credit to Interest Payable. CStep by Step Solution
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