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On October 1 , 2 0 1 9 , Adams Company paid $ 5 , 0 4 0 for a two - year insurance policy
On October Adams Company paid $ for a twoyear
insurance policy with the insurance coverage beginning on that
date. As of December which of the following account
balances are correct after adjusting entries have been made?Multiple ChoiceAPrepaid insurance $ and Insurance expense $BPrepaid insurance $ and Insurance expense $CPrepaid insurance $ and Insurance expense $DPrepaid insurance $ and Insurance expense $
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