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On January 1, 2019, Ryan Company paid the premium on a two year insurance policy...

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Accounting

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On January 1, 2019, Ryan Company paid the premium on a two year insurance policy in the amount of 57,400. At that time, the full mount paid was recorded as prepar insurance After recording the adjusting entry for the insurance policy on December 31, 2019, what would be the balance in Ryan Company's prepaid insurance account Multiple Choice 53700 57400 O O $2,800 52.700

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