5. A clinic recorded prepaid expenses of 30,000 when it paid their malpractice insurance for...
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Accounting
5. A clinic recorded prepaid expenses of 30,000 when it paid their malpractice insurance for 2013. The original entry was made on the books on 12/31/2012. It is now 06/30/2013 and the clinic is closing the books. What entry will they make to record malpractice insurance expense for the first half of 2013.
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