What is the Adjusting Entry for Prepaid Insurance?

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  1. Rex Jacobsen
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Thank you for the way you narrate your thinking, Rex! this is one of the most helpful videos on journalizing and identifying accounts. I'm taking Financial Accounting 101 and it's been a bit of a challenge. People like you make all the difference. Thanks again!

juliomoreno
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Your explanation is very clear for me. Thanks

evamas
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Would u say that the $3000 is the expired portion of the prepaid insurance?

sEgeN