Homework Clinic
Social Science Clinic => Accounting => Topic started by: rl on Feb 18, 2020
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The unadjusted trial balance for Prepaid Insurance shows a normal balance of $1,850. $600 of the balance was unexpired at year's end. On the adjusted trial balance, the balance for Prepaid Insurance is a:
◦ $600 debit.
◦ $600 credit.
◦ $1,250 credit.
◦ $1,250 debit.
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$600 debit.