Depreciation on the companys equipment for the year is $6,000. The Prepaid Insurance...

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Accounting

Depreciation on the companys equipment for the year is $6,000.
The Prepaid Insurance account had a $4,650 debit balance before adjustment. An examination of insurance policies shows $2,500 of unexpired insurance remains.
Salaries expenses of $2,400 have been incurred but are not paid as of December 31.

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