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Diane's Designs purchased a one-year liability insurance policy on March 1 of a year for $9,800 and recorded it as a prepaid expense. Which of
Diane's Designs purchased a one-year liability insurance policy on March 1 of a year for $9,800 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 Dianes first month of operations on March 31? (Please enter your answer as whole number.)
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