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Determine the adjusted balance for insurance expense

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Question - At December 31, 2022, before any year-end adjustments, Sunland Corp.'s Insurance Expense account had a balance of $920 and its Prepaid Insurance account had a balance of $3640. It was determined that $1660 of the Prepaid Insurance had expired. Determine the adjusted balance for Insurance Expense for the year?

a. $1985.

b. $2580.

c. $1660.

d. $920.

Reference no: EM133168375

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