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Insurance premiums were paid during the year and debited to

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The prepaid insurance account had a $455debit balance at the beginning of a year; $650 of insurance premiums were paid during the year and debited to prepaid insurance; and the year-end balance sheet showed $420 of prepaid insurance. Consequently, the income statement for the year must have shown $_________ of insurance expense.

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Accounting Basics: Insurance premiums were paid during the year and debited to

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