Robin Williams Company maintains its books on the accrual basis. The company reported insurance expense...
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Accounting
Robin Williams Company maintains its books on the accrual basis. The company reported insurance expense of $19,450 on its annual income statement. The ending balance of Prepaid insurance amounted to $5,740 and cash paid for insurance during the year totaled $24,100. There was no accrued insurance expense. INSTRUCTIONS: What was the amount of the beginning Prepaid Insurance?
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