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ABC purchased and paid for a 12 month insurance policy with an annual premium of $24,000 on 1/1/19. Write the journal entries for the 1/1/19

ABC purchased and paid for a 12 month insurance policy with an annual premium of $24,000 on 1/1/19. Write the journal entries for the 1/1/19 purchase and adjusting entries for 1/31/19 and 2/28/19.

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