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Qwerty Ltd Prepaid $3600 on 1 November 2016 for a One-Year

Question 53

Multiple Choice

Qwerty Ltd prepaid $3600 on 1 November 2016 for a one-year insurance premium.On 1 January 2017 of the next year (after 31 December adjustments) ,the Prepaid insurance account will have a debit balance of:


A) $3900
B) $3000
C) $3600
D) $3300

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