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Connect Company purchased a one-year insurance policy for $6,600 on September 30. What is the necessary adjusting journal entry at December 31? A. Prepaid Insurance

Connect Company purchased a one-year insurance policy for $6,600 on September 30. What is the necessary adjusting journal entry at December 31? A. Prepaid Insurance 1,650 Insurance Expense 1,650 B. Insurance Expense 4,950 Prepaid Insurance 4,950 C. Insurance Expense 1,650 Prepaid Insurance 1,650 D. Insurance Expense 6,600 Prepaid Insurance 6,600

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