Previous adjustments to prepaid insurance

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Reference no: EM131217616

Glamour Company paid 28,800 on August ?1, 2009, for a four?-year insurance policy. It was recorded as prepaid insurance. Use the accounting equation to show the adjustment Glamour will make to properly report expenses when preparing the December? 31, 2009, financial statements.? (Assume no previous adjustments to prepaid insurance have been? made)

Reference no: EM131217616

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