At December 31, 2022, before any year-end adjustments, Orion Company's Insurance Expense account had a balance of $2,600 and its Prepaid Insurance account had a balance of $7,600. It was determined that an additional $3,200 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be
A) $2,600.
B) $4,400.
C) $3,200.
D) $5,800.
Correct Answer:
Verified
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