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At 31 December 2024, before any year-end adjustments, Hart Company's Insurance e...
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At 31 December 2024, before any year-end adjustments, Hart Company's Insurance expense account had a balance of $725 and its Prepaid Insurance account had a balance of $1,900. It was determined that $1,500 of the Prepaid Insurance had expired. The adjusted balance for Prepaid Insurance for the year would be:
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