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Adjusting entries are prepared annually at the end of financialyear (June 30).On April 30, a business paid $1,200 for one-year insurancecoverage starting from May 1.
Adjusting entries are prepared annually at the end of financialyear (June 30).On April 30, a business paid $1,200 for one-year insurancecoverage starting from May 1. This cash payment was recorded 1 answer
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