The prepaid insurance account had a balance of 4800 at the

Reference no: EM13602790

The prepaid insurance account had a balance of $4,800 at the beginning of the year. The account was debited for $15,000 for premiums on policies purchased during the year. Journalize the adjusting entry required at the end of the year for each of the following situations.

Reference no: EM13602790

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