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3 On October 1, 2019 Company HEW paid $2,400 for their four month insurance policy. Prepare the October 31, 2019 journal entry, regarding insurance. 4

3 On October 1, 2019 Company HEW paid $2,400 for
their four month insurance policy.
Prepare the October 31, 2019 journal entry, regarding
insurance.
4 Assume that Company EFG forgot to prepare the
adjusting journal entry for supplies
Explain what is wrong with the company's
Balance Sheet
Income Statement
5 Explain the meaning/purpose of the following accounts:
Accounts Receivable
Unearned Revenue

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