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A one-year insurance policy was purchased on June 1 for $2,400. Required: Prepare the adjusting entry on December 31. Refer to the Chart of Accounts
A one-year insurance policy was purchased on June 1 for $2,400.
Required:
| Prepare the adjusting entry on December 31. Refer to the Chart of Accounts for exact wording of account titles. |
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
