Multiple Choice
At December 31, 2022, before any year-end adjustments, Dallis Company's Prepaid Insurance account had a balance of $5,800.It was determined that $2,600 of the Prepaid Insurance had expired.The adjusted balance for Insurance Expense for the year would be:
A) $2,600.
B) $3,200.
C) $5,800.
D) $2,800.
Correct Answer:
Verified
Correct Answer:
Verified
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