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ABC Company engaged in the following events: 1. Gash collected from customers in advance of rendering services 2. One year's insurance policy is paid
ABC Company engaged in the following events: 1. Gash collected from customers in advance of rendering services 2. One year's insurance policy is paid in advance 3. Office building is purchased for cash The journal entry to record the 2nd event entails Select one: a Debit to cash and credit to unexpired insurance b Debit to prepaid rent and credit to cash c Debit to unexpired insurance and credit to cash d Debit to cash and credit to unearned insurance revenue
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