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San Francisco Company Paid $2,700 for 6 Months' Insurance, Covering

Question 108

Multiple Choice

San Francisco Company paid $2,700 for 6 months' insurance, covering the period of April 1 to September 30.At the time of the payment, the entire amount was used to increase the balance in the Prepaid Insurance account.The balance in the Prepaid Insurance account as of April 30 is_____.


A) $-0-
B) $900
C) $1,800
D) $2,250

Correct Answer:

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