Business, 08.09.2020 14:01 166386

On December 31, 2017, Coolwear, Inc. had a balance in its prepaid insurance account of $48,400. During 2018, $68,000 was paid for insurance. At the end of 2018, after adjusting entries were recorded, the balance in the prepaid insurance account was $42,000. Insurance expense recorded for 2018 would be: A. $86,000.
B. $134,400.
C. $74.400
D. $92,400

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On December 31, 2017, Coolwear, Inc. had a balance in its prepaid insurance account of $48,400. Duri...

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