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March 27, 2015

Homework Help: accounting

Posted by lynn on Thursday, July 15, 2010 at 7:10pm.

I am showing a $8100 debit balance on prepaid insurance at the end of august. The pre-paid insurance was purchased in Feb. for 12 months. what should my adjusting entry to pre-paid insurance be for the month of Sept. which is the end of my fiscal year? Those are the only figures that have been provided for me.

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