Qwerty, Inc. prepaid $4,800 on October 1, 2014 for a oneyear insurance premium. On January...
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Accounting
Qwerty, Inc. prepaid $4,800 on October 1, 2014 for a oneyear insurance premium. On January 1, 2015 of the next year (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.$4000
B.4800
C.$800
D.$3600
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