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On January 1 the Prepaid Insurance account had a balance of $6,000 that represented 6 months of advance payment. It is now March and there

On January 1 the Prepaid Insurance account had a balance of $6,000 that represented 6 months of advance payment. It is now March and there have been no adjustments to the account balance. Determine the amount of expense to record at the end of March.

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