Multiple Choice
Murphy Company prepaid $8,400 on October 1,2018 for a one-year insurance premium.Coverage begins October 1.On January 1,2019 (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) $7,000
B) $9,100
C) $8,400
D) $6,300
Correct Answer:
Verified
Correct Answer:
Verified
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