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On November 1, Gavin Company paid six months' insurance in advance totaling $4,800. The policy begins on November 1. An adjusted trial balance prepared on

On November 1, Gavin Company paid six months' insurance in advance totaling $4,800. The policy begins on November 1. An adjusted trial balance prepared on December 31 would include a balance in the Prepaid Insurance account of:

Group of answer choices

$4,800.

$1,600.

$1,800.

$3,200.

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