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Business, 19.09.2019 22:10 abieber4328

Diane's designs purchased a one-year liability insurance policy on march 1 of this year for $8,400 and recorded it as a prepaid expense. which of the following amounts would be recorded for insurance expense during the adjusting process at the end of diane’s first month of operations on march 31?
a. $700
b. $7,700
c. $8,400
d. $840

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