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Murphy, Inc. prepaid $ 4 comma 800 on October 1, 2018 for a one - year insurance premium. Coverage begins October 1. On January 1,
Murphy, Inc. prepaid $ 4 comma 800 on October 1, 2018 for a one - year insurance premium.
Coverage begins October 1.
On January 1, 2019 (after December 31 adjustments), the Prepaid Insurance
account will have a debit balance of ________. (Round any intermediate calculations to two decimal
places, and your final answer to the nearest whole number.)
A.$ 5,200
B. $ 3,600
C. $ 4,000
Could you please help me to solve this problem? Thank you in advance!!!
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