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Posted on Jul 27, 2024

Aiden Yoon paid the fire insurance premium of $3,000 for the Yoon Caf on June 27 th . The insurance coverage is from July 1

Aiden Yoon paid the fire insurance premium of $3,000 for the Yoon Caf on June 27^th. The insurance coverage is from July 1^st through December 31^st. Monthly financial statements are prepared for the Yoon Caf.

2) What is the monthly insurance expense for each month over the insurance coverage period?

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