At December 31,2014, before any year-end adjustments, Dallis Company's Prepaid Insurance account had...

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Accounting

At December 31,2014, before any year-end adjustments, Dallis Company's Prepaid Insurance
account had a balance of $2,900. It was determined that $1,300 of the Prepaid Insurance had
expired. The adjusted balance for Insurance Expense for the year would be:
$1,300.
$1,400.
$2,900.
$1,600
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