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Wally is preparing the worksheet for Hudson Companys fiscal year ended December 31, 2022. In the trial balance, Hudson reported a Prepaid Insurance balance of
Wally is preparing the worksheet for Hudson Companys fiscal year ended December 31, 2022. In the trial balance, Hudson reported a Prepaid Insurance balance of $14,500. Wally calculated that $2,300 of that balance had expired. What will the balance of the Prepaid Insurance account be in the adjusted trial balance debit column? Select answer from the options below $2,300 $12,200 $14,500 $16,800
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