4) Insurance expense account has a balance of 10,800 before adjustments. This amount represents prepaid insurance for three months beginning November 1. 2020. Based on these data, the prepaid...

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Extracted text: 4) Insurance expense account has a balance of 10,800 before adjustments. This amount represents prepaid insurance for three months beginning November 1. 2020. Based on these data, the prepaid insurance that should be reported in December 31, 2020 statement of financial position is A O B 7200 с 3600 D 10800