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The balance in the prepaid Insurance account, before adjustment at the end of the year, is $18,420 Journalize the March 31 adjusting entry required under

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The balance in the prepaid Insurance account, before adjustment at the end of the year, is $18,420 Journalize the March 31 adjusting entry required under each of the following alternatives for determining the amount of the adjustment: (a) the amount or insurance expired during the year is $15.780, (b) the amount of unexpired insurance applicable to fulwe periods is $2,640. Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for journal explanations. Every ine on a journal page is used for debitor croctit entrios. CNOW Journals will automatically indent a credit entry when a credit amount is entered

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