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Posted on Jul 14, 2024

The Prepaid Insurance account had a $ 9 , 0 0 0 debit balance at December 3 1 before adjusting for the costs of any

The Prepaid Insurance account had a $

9, 000

debit balance at December

31

before adjusting for the costs of any expired coverage. An analysis of the company

s insurance policies showed that $

1, 100

of unexpired insurance coverage remains.

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