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Activity 5,a - Journalizing and Posting Transactions Journalize the adjusting entry needed at December 31 for each situation. Use the Chart of Accounts to review

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Activity 5,a - Journalizing and Posting Transactions Journalize the adjusting entry needed at December 31 for each situation. Use the Chart of Accounts to review account names! A two year insurance policy for 510,560 was purchased on November 1 of the current year Record the transaction for the year ended December 31

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