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SE 2 . The Prepaid Insurance account began the year with a balance of $ 4 6 0 . During theyear, insurance in the amount
SE The Prepaid Insurance account began the year with a balance of $ During theyear, insurance in the amount of $ was purchased. At the end of the year December the amount of insurance still unexpired was $ Prepare the yearend journalentry to record the adjustment for insurance expense for the year.
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