Murphy, Inc. prepaid $ 3 comma 600 on October 1, 2018 for a oneminus year...
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Accounting
Murphy, Inc. prepaid $ 3 comma 600 on October 1, 2018 for a oneminus year insurance premium. Coverage begins October 1. On January 1, 2019 (after December 31 adjustments), the Prepaid Insurance account will have a debit balance of ________. (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) A. $ 2 comma 700 B. $ 3 comma 900 C. $ 3 comma 600 D. $ 3 comma 000
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