a 12 month insurence policy was purchased on dec. 1 for $4800 and the prepaid insurence account was initially increased…

a 12 month insurence policy was purchased on dec. 1 for $4800 and the prepaid insurence account was initially increased…

a 12 month insurence policy was purchased on dec. 1 for $4800 and the prepaid insurence account was initially increased for the payment. the requiered adjusting journal entry on december31 includes a

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