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XYZ Company prepares annual financial statements. Their year end is June 30, 2019. At June 30, 2019 the balance in the Prepaid Insurance account was

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XYZ Company prepares annual financial statements. Their year end is June 30, 2019. At June 30, 2019 the balance in the Prepaid Insurance account was $10,800. The balance in the Prepaid Insurance represents six months of insurance effective at February 1, 2019. What is the insurance expense to be recognized on June 1, 2019? Select one: a $9,000 b. $10,800 c$7,200 d. $0 e. $1,800

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