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08-12-2022
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The Prepaid Insurance account had a $5,000 debit balance at December 31
before adjusting for the costs of any expired coverage. An analysis of the
company's insurance policies showed that $690 of unexpired insurance
coverage remains.
Note: Enter debits before credits.
Transaction
b.
Record entry
General Journal
+
Clear entry
Debit
Credit
View general Journal

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