ACC 205 Week 2 Exercise 2 Analysis of prepaid account balance
Analysis of prepaid account balance. The following information relates to Action Sign Company for 20X2:
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Get Help Now!| Insurance expense | $4,350 |
| Prepaid insurance, December 31, 20X2 | 1,900 |
| Cash outlays for insurance during 20X2 | 6,200 |
Compute the balance in the Prepaid Insurance account on January 1, 20X2.
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