Multiple Choice
The unadjusted trial balance for Prepaid Insurance shows a $1,350 balance.$500 of the balance was unexpired at year's end.On the adjusted trial balance,the balance for Prepaid Insurance is a:
A) $500 debit.
B) $500 credit.
C) $850 debit.
D) $850 credit.
Correct Answer:
Verified
Correct Answer:
Verified
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