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Process company began the year with 6500 prepaid insurance

Process Company began the year with $6,500 prepaid insurance. During the year, Precare prepaid additional insurance premiums amounting to $8,000.T he company"s insurance expense for the year was $10,000. What is the balance in prepaid insurance at year-end?

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Accounting Basics: Process company began the year with 6500 prepaid insurance

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Accounting Basics: Process company began the year with 6500 prepaid insurance

Reference No:- TGS0780095

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