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Evaluate the prepaid insurance account

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Reference no: EM132482287

Point 1: The Prepaid Insurance account had a $6,000 debit balance at December 31, 2016, before adjusting for the costs of any expired coverage. An analysis of the company‘s insurance policies showed that $1,100 of unexpired insurance coverage remains.

Question 1: Determine the prepaid insurance account.

Reference no: EM132482287

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