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Business, 18.02.2020 17:12 evanmc627

Yummy Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2021, and charged the $4,440 premium to Insurance expense. At its December 31, 2021, year-end, Yummy Foods would record which of the following adjusting entries? Multiple Choice Insurance expense 925 Prepaid insurance 925 Insurance expense 925 Prepaid insurance 3,515 Insurance payable 4,440 Prepaid insurance 925 Insurance expense 925 Prepaid insurance 3,515 Insurance expense 3,515.

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