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    Exam 3: Adjusting and Closing Entries
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    The Adjusted Trial Balance for Prepaid Insurance Is a $724
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The Adjusted Trial Balance for Prepaid Insurance Is a $724

Question 103

Question 103

Short Answer

The adjusted trial balance for prepaid insurance is a $724 debit. Insurance expense for the period was $1,136. What was the unadjusted trial balance for prepaid insurance?

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$1,860 deb...

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