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On December 31, 2012, Company V had a balance in its prepaid insurance account of $48,400 During 201

On December 31, 2012, Company V had a balance in its prepaid insurance account of $48,400

During 2013, $86,000 was paid for insurance

At the end of 2013, after adjusting entries were recorded, the balance in the prepaid insurance account was 42,000

 

What would Insurance expense for 2013 be?

 

 

Apr 19 2020 Read more Less More

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