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A company makes the payment of a one-year insurance premium of $3,960 on March 1, 2016. a-1. Use the horizontal model to record the above

A company makes the payment of a one-year insurance premium of $3,960 on March 1, 2016.

a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with for decreases.)

Balance Sheet

Income Statement

Assets

Liabilities

Stockholders' Equity

Net Income

Revenues

Expenses

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