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A 20-month insurance policy was purchased for $1,500 on May 1. What is the adjusting entry for the insurance used during the year?
A 20-month insurance policy was purchased for $1,500 on May 1. What is the adjusting entry for the insurance used during the year?
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Financial Accounting
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice
10th edition
324645570, 978-0324645576
