Multiple Choice
Qwerty Company prepaid $8,400 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 ________.(Round any intermediate calculations to two decimal places,and your final answer to the nearest whole number. )
A) $7,700
B) $9,100
C) $8,400
D) $7,000
Correct Answer:
Verified
Correct Answer:
Verified
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