Business
Business, 26.03.2020 20:07, tykeria58

Wilson company paid 6,700 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The balance in the prepaid insurance account before adjustment at the end of the year is 6,700, and no adjustments had been made previously. The adjusting entry required on December 31 is:

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Wilson company paid 6,700 for a 4-month insurance premium in advance on November 1, with coverage be...

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