Multiple Choice
Qwerty Inc. prepaid $3,600 on November 1, 2014 for a one-year insurance premium. On January 1, 2015 of the next year (after December 31 adjustments) , the Prepaid Insurance account will have a debit balance of:
A) $3,300.
B) $3,900.
C) $3,600.
D) $3,000.
Correct Answer:
Verified
Correct Answer:
Verified
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