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Selma paid $600 for 12 months of liability insurance at the beginning of September. At the end of the month, the prepaid insurance account needs

Selma paid $600 for 12 months of liability insurance at the beginning of September. At the end of the month, the prepaid insurance account needs to be adjusted and insurance expense for September needs to be recorded.

Based on the accounts you selected (Insurance Expense, Prepaid Insurance), what are the appropriate Debit and Credit amounts in the adjusting journal entry (9/30).

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