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Plz help mee quickly QUESTION 2 At year-ead the balance m the prepaid insurance account, prior to any adjustments, is $6,000. The amount of the
Plz help mee quickly
QUESTION 2 At year-ead the balance m the prepaid insurance account, prior to any adjustments, is $6,000. The amount of the journal entry required to record insurance expense will be $4,000 the amount of mepared insurance applicable to future periods is $2,000. O True Fase QUESTION 3 Ay pays employee 53,000 for a five-day work week, Monday-Friday. The adjusting entry on December 31, which is a Wednesday, is a debit to Wages Expense, $1,800, and a credit to Wages Payable, $1,800. True O Face QUESTION 4 Res and penses should be recorded in the same period to which they relate. O True O Fase QUESTIONS Accumulated depreciation accounts are liability accounts True False allanesStep by Step Solution
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