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On December 31, 2020, Coolwear Inc. had a balance in its prepaid insurance account of $67,400. During 2021, S105,000 was peld for insurance. At the
On December 31, 2020, Coolwear Inc. had a balance in its prepaid insurance account of $67,400. During 2021, S105,000 was peld for insurance. At the end of 2021, after adjusting entries were recorded, the balance in the prepaid Insurance account was $51,500 Insurance expense for 2021 was: Multiple Choice O $15.900 $172.400 $120.900 $105,000
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