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The Dalen Company paid $4,800 for a one year insurance policy on July 1, 2018. The amount of prepaid insurance shown on the balance sheet

The Dalen Company paid $4,800 for a one year insurance policy on July 1, 2018. The amount of prepaid insurance shown on the balance sheet at the end of 2018 would be: Multiple Choice $2,800 $4,800 $2,400 $0

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