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The Prepaid Insurance account had a balance of $8,100 on December 31, 2020. The balance represents a one-year Insurance policy purchased on February 1, 2020

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The Prepaid Insurance account had a balance of $8,100 on December 31, 2020. The balance represents a one-year Insurance policy purchased on February 1, 2020 Prepare the December 31, 2020 year-end adjusting entry

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