Multiple Choice
At December 31, 2015, before any year-end adjustments, Murmur Company's Insurance Expense account had a balance of $2,450 and its Prepaid Insurance account had a balance of $3,800. It was determined that $2,800 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be
A) $2,450.
B) $3,450.
C) $2,800.
D) $5,250.
Correct Answer:
Verified
Correct Answer:
Verified
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