Multiple Choice
At December 31, 2022, before any year-end adjustments, TBS Corp.'s Insurance Expense account had a balance of $800 and its Prepaid Insurance account had a balance of $3,400.It was determined that $1,650 of the Prepaid Insurance had expired.The adjusted balance for Insurance Expense for the year would be
A) $2,450.
B) $1,650.
C) $1,975.
D) $ 800.
Correct Answer:

Verified
Correct Answer:
Verified
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