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On September 1, 2019, a company paid $8,400 in advance for two years insurance and debited prepaid insurance. The December 31, 2018, austing entry
On September 1, 2019, a company paid $8,400 in advance for two years insurance and debited prepaid insurance. The December 31, 2018, austing entry should include a diet A. insurance expense for $7,000 B. prepaid insurance for $2.800 C. prepaid insurance for $1,400 D. Insurance expense for $1,400
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