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QUESTION 20 On December 31, 2017, Coolwear, Inc. had a balance in its prepaid insurance account of $48,400. During 2018, $86,000 was paid for insurance.

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QUESTION 20 On December 31, 2017, Coolwear, Inc. had a balance in its prepaid insurance account of $48,400. During 2018, $86,000 was paid for insurance. At the end of 2018, after adjusting entries were recorded, the balance in the prepaid insurance account was 42,000. Insurance expense for 2018 would be: TT TT Paragraph Anal 3 (12pt) T % DOQ TTS fx Mashup 1 TILL HTML5 CE Save All Answe

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