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    College Accounting Study Set 8
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    Exam 5: Adjusting the Accounts and Preparing an Adjusted Trial Balance
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    Failure to Adjust Prepaid Insurance for the Amount Expired Will
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Failure to Adjust Prepaid Insurance for the Amount Expired Will

Question 67

Question 67

Short Answer

Failure to adjust Prepaid Insurance for the amount expired will cause ______________ to be understated and ________________ to be overstated.

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