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Question 13 A company shows a $500 balance in Prepaid Insurance in the Unadjusted Trial Balance columns of the worksheet. The Adjustments entry results

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Question 13 A company shows a $500 balance in Prepaid Insurance in the Unadjusted Trial Balance columns of the worksheet. The Adjustments entry results in O $300 of prepaid insuranion O $300 increase in net income O $300 difference between the debit and credit columns of the Unadjusted Trial Balance O $300 decrease in net income.

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