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Adjustment for Insurance On December 1 , a six-month liability insurance policy was purchased for $840. Analyze the required adjustment as of December 31 using

Adjustment for Insurance On December 1 , a six-month liability insurance policy was purchased for $840. Analyze the required adjustment as of December 31 using T accounts, and then formally enter this adjustment in the general journat. (Trial balance is aboreviated as TB.)

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