Analyze each situation and indicate the correct dollar amount for the adjusting entry. 1. Amount of insurance
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Analyze each situation and indicate the correct dollar amount for the adjusting entry.
1. Amount of insurance expired is $900.
2. Amount of unexpired insurance is$185.
Transcribed Image Text:
(Balance Sheet) (Income Statement) Insurance Expense Prepald Insurance 1,300 TB Adj. Adj. Bal.
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