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An accountant made the following adjustments at December 31, the end of the accounting period: Requirement 1. Journalize the adjusting entries. (Record debits first, then

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An accountant made the following adjustments at December 31, the end of the accounting period: Requirement 1. Journalize the adjusting entries. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Prepaid insurance, beginning, $700. Payments for insurance during the period, $2, 400. Prepaid insurance, ending, $500

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