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AdJustMentforinsurAnceOn December 1, a six-month liability insur-ance policy was purchased for $900. Analyze the required adjustment as of December31 using T accounts, and then formally

"AdJustMentforinsurAnceOn December 1, a six-month liability insur-ance policy was purchased for $900. Analyze the required adjustment as of December31 using T accounts, and then formally enter this adjustment in the general journal"

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