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On September 1, 2020, Texas Carpets Inc paid $66,000 cash for six months of insurance for its storefront. What is the after-adjustment balance in the

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On September 1, 2020, Texas Carpets Inc paid $66,000 cash for six months of insurance for its storefront. What is the after-adjustment balance in the prepaid account at December 31, 2020 year end? a. $33,000 b. $0 c. $66,000 d. $22,000

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