Business, 24.06.2020 06:01, AnonymousLizard52303

Harrod Company paid $5,800 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 $5,800, and no adjustments had been made previously. The adjusting entry required on December 31 is:

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Harrod Company paid $5,800 for a 4-month insurance premium in advance on November 1, with coverage b...