Multiple Choice
At December 31, 2015, before any year-end adjustments, Harvest Inc.'s Prepaid Insurance account had a balance of $2,000.It was determined that $800 of the Prepaid Insurance had expired.The adjusted balance for Prepaid Insurance at year end would be
A) $ 800.
B) $1,200.
C) $2,000.
D) $2,800.
Correct Answer:
Verified
Correct Answer:
Verified
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