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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

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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