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Compute the balance in the prepaid insurance

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Reference no: EM13512268

Analysis of prepaid account balance.

The following information relates to Action Sign Company for 20X2:

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.

Reference no: EM13512268

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