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Diane's Designs purchased a one-year liability insurance policy on March 1 of a year for $3,120 and recorded it as a prepaid expense. Which of

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Diane's Designs purchased a one-year liability insurance policy on March 1 of a year for $3,120 and recorded it as a prepaid expense. Which of the following amounts would be recorded as insurance expense during the adjusting process at the end of Diane's first month of operations on March 317 a. $260 Ob. $3,120 Oc. $2,860 d. $312

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