Question
Jeannie's Apples opened for business on January 1, 2024, and paid for two insurance policies effective on that date. The liability policy was $46,800
Jeannie's Apples opened for business on January 1, 2024, and paid for two insurance policies effective on that date. The liability policy was $46,800 for 18 months, and the crop damage policy was $33,600 for a two-year term. What was the balance in Jeannie's Prepaid Insurance account as of December 31, 2024?
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