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10. On January 1, 2020, Entity A purchased a new insurance plan worth 11,000.00 that covers one year period from January 1, 2020 to November

10. On January 1, 2020, Entity A purchased a new insurance plan worth 11,000.00 that covers one year period from January 1, 2020 to November 30, 2020 What are the journal entries to be prepared on January 1 and November 30 2020? Please make Journal Entries

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