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Questions 4 and 5 are based on the following information: Rose Company paid the following items during 2018: ..15,300 Insurance purchased. The following balances have
Questions 4 and 5 are based on the following information: Rose Company paid the following items during 2018: ..15,300 Insurance purchased. The following balances have been excerpted from Rose's balance sheet: Prepaid Insurance Interest Payable 12/31/18 3,800 3,500 12/31/17 2,900 4,100 difference 900 difference 600 4. What amount of Insurance Expense will Rose report on the income statement? 5. What amount of Interest Expense will Rose report on the income statement for 2018
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