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ACCO 500 Seavers company paid $2,700 for 6 months insurance

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January 11th, 2018

Seavers company paid $2,700 for 6 months insurance, covering the period of April 1st to September 30th. At the time of the payment, the entire amount was used to increase the balance in the Prepaid Insurance Account. The balance on the Prepaid insurance account on May 31st is ____________.

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