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The fiscal year opened for Noland Manufacturing with a $2810 balance in its prepaid insurance account. They purchased $9980 in insurance policies during the year.

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The fiscal year opened for Noland Manufacturing with a $2810 balance in its prepaid insurance account. They purchased $9980 in insurance policies during the year. If $1795 of insurance has expired during the year, what is the year-end balance in the prepaid insurance account? $8185 $12790 $10995 $5375

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