: qrs industries opens its fiscal year with a $500 balance in its prepaid insurance account. qrs purchases $2,500 in insurance policies during the year. if $875 of insurance has expired during the year,

: qrs industries opens its fiscal year with a $500 balance in its prepaid insurance account. qrs purchases $2,500 in insurance policies during the year. if $875 of insurance has expired during the year, what is the year-end balance in the prepaid insurance account after all necessary entries have been made?

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: qrs industries opens its fiscal year with a $500 balance in its prepaid insurance account. qrs purchases $2,500 in insurance policies during the year. if $875 of insurance has…

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