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Question 2 0.5 pts On January 1, 2018, the Prepaid Insurance account of Dogwood, Inc. had a beginning balance of $2,700. Three months of insurance

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Question 2 0.5 pts On January 1, 2018, the Prepaid Insurance account of Dogwood, Inc. had a beginning balance of $2,700. Three months of insurance premiums remain in this beginning balance. On February 21, 2018, the company paid an annual insurance premium in the amount of $4,300 for the period beginning March 1. On February 28, 2018, the balance in Prepaid Insurance is $1,800. O True O False

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