Multiple Choice
San Francisco Company paid $2,700 for 6 months' insurance,covering the period of April 1 to September 30.At the time of the payment,the entire amount was used to increase the balance in the Prepaid Insurance account.The balance in the Prepaid Insurance account on April 30 is ________.
A) $0
B) $900
C) $1,800
D) $2,250
Correct Answer:
Verified
Correct Answer:
Verified
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