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8. The farm purchased a one-year insurance policy on 8/1/2022 in the amount of 15,000. There was no prepaid insurance at the beginning of the

8. The farm purchased a one-year insurance policy on 8/1/2022 in the amount of 15,000. There was no prepaid insurance at the beginning of the year. Create the appropriate end of year adjusting journal entry for 2022. (5 points).

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