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On January 1, 2018, the Prepaid Insurance account of Dogwood Company had a beginning balance of 5900 Three months of Insurance premiums remain in this

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On January 1, 2018, the Prepaid Insurance account of Dogwood Company had a beginning balance of 5900 Three months of Insurance premiums remain in this beginning balance. On February 21, 2018, the company paid an annual insurance premium in the amount of $3,600 for the period beginning March 1 On February 28, 2018, the balance in Prepaid Insurance is $600. O True O False

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