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A one-year insurance policy was purchased on June 1 for $2,400. The adjusting entry on June 30 would be 16.(2 points) A one-year insurance policy

A one-year insurance policy was purchased on June 1 for $2,400. The adjusting entry on June 30 would be

16.(2 points) A one-year insurance policy was purchased on June I for $2,400. The adjusting entry on June 30 would be: Date Description Post. Ref. Debit Credit

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