Business, 03.09.2020 06:01, stheresa777

On December 31, 2020, Coolwear, Inc. had a balance in its prepaid insurance account of $59,400. During 2021, $97,000 was paid for insurance. At the end of 2021, after adjusting entries were recorded, the balance in the prepaid insurance account was $47,500. Insurance expense for 2021 was:

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On December 31, 2020, Coolwear, Inc. had a balance in its prepaid insurance account of $59,400. Duri...