More Practice for the Final Exam Adjusting Entries
_____ 6. Bland Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2003, and charged the $4,200 premium to Insurance expense. At its December 31, 2003, year-end, Bland Foods would record which of the following adjusting entries? A) Insurance expense 875. Prepaid insurance 875. B) Prepaid insurance 875. Insurance ... ................
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