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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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