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3. On December 1, 2019, the company paid $7,800 cash for an annual insurance premium. At the time, they debited insurance expense. What entry
3. On December 1, 2019, the company paid $7,800 cash for an annual insurance premium. At the time, they debited insurance expense. What entry should be made on January 31, 2020, when they discover the error?
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
