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1). Pitman Hospital paid three-year insurance premium in advance in January 1, 2011. The hospital's adjusted trial balance included a pre-paid insurance account with a

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1). Pitman Hospital paid three-year insurance premium in advance in January 1, 2011. The hospital's adjusted trial balance included a pre-paid insurance account with a balance of $2,700 on December 31, 2012. What was the amount of the insurance premium paid on January 1, 2011

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