Multiple Choice
At December 31, 2014, before any year-end adjustments, Janus Company's Prepaid Insurance account had a balance of $2,800. It was determined that $1,200 of the Prepaid Insurance had expired. The adjusted balance for Prepaid Insurance for the year would be:
A) $1,200.
B) $1,600.
C) $3,800.
D) $2,800.
Correct Answer:
Verified
Correct Answer:
Verified
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