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Question 112

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Use this information to answer the following question. The trial balance for Sanchez Company appears as follows:
Use this information to answer the following question. The trial balance for Sanchez Company appears as follows: If on December 31, 2010, the insurance still unexpired amounted to $20, the adjusting entry would contain a A) debit to Prepaid Insurance for $30. B) credit to Prepaid Insurance for $30 C) debit to Insurance Expense for $20. D) credit to Prepaid Insurance for $20. If on December 31, 2010, the insurance still unexpired amounted to $20, the adjusting entry would contain a


A) debit to Prepaid Insurance for $30.
B) credit to Prepaid Insurance for $30
C) debit to Insurance Expense for $20.
D) credit to Prepaid Insurance for $20.

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