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A company purchased a nine - month insurance policy on May 1 for $ 3 6 , 0 0 0 . If the company makes

A company purchased a nine-month insurance policy on May 1 for $36,000. If the company makes adjusting entries monthly, its Prepaid Insurance balance at September 30(after the adjustment) is. A company purchased a nine-month insurance policy on May 1 for $36,000. If the company makes adjusting entries monthly, its Prepaid Insurance balance at September 30(after the adjustment) is

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