Question: C. If no adjusting entry was made on 30 June 2020, by how much would profit be overstated or understated? How much would assets be

C. If no adjusting entry was made on 30 June 2020, by how much would profit be overstated or understated? How much would assets be overstated or understated? Explain. D. What would your adjusting entry in requirement (A) be if the payment of $9 000 was recorded by debiting Insurance Expense

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