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On the end-of-period spreadsheet, Prepaid Insurance has a balance of $2,000 in the Unadjusted Trial Balance Debit column and an adjustment of $400 in the

On the end-of-period spreadsheet, Prepaid Insurance has a balance of $2,000 in the Unadjusted Trial Balance Debit column and an adjustment of $400 in the Adjustments Credit column. What amount should appear for Prepaid Insurance in the Adjusted Trial Balance column and ultimately in the balance sheet? a. A credit of $1,600 b. A debit of $2,000 c. A debit of $1,600 Od. A credit of $2,000
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a. A credit of $1,600 b. A debit of $2,000 c. A debit of 51,600 d. A credit of $2,000

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