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1. A 12-month insurance policy was purchased on Mar. 1, 2022 for $6000. Prepare the necessary adjusting entry on Dec. 31. 2. The balance in

1. A 12-month insurance policy was purchased on Mar. 1, 2022 for $6000. Prepare the necessary adjusting entry on Dec. 31. 2. The balance in the general ledger for the Supplies account at the end ...

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