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M4-20 Preparing and Posting Adjusting Journal Entries [LO 4-2] At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $7,200 and

M4-20 Preparing and Posting Adjusting Journal Entries [LO 4-2]

At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $7,200 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months.

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M4-20 Preparing and Posting Adjusting Journal Entries [LO 4-2] At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $7,200 and

M4-20 Preparing and Posting Adjusting Journal Entries [LO 4-2] At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $7,200 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months.

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M4-20 Preparing and Posting Adjusting Journal Entries [LO 4-2]

At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $7,200 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months.