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Analyze the transaction and prepare the journal entry. Paid $1,560 cash on a 1-year insurance policy effective July 1 . Analyze the transaction and prepare

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Analyze the transaction and prepare the journal entry. Paid $1,560 cash on a 1-year insurance policy effective July 1 . Analyze the transaction and prepare the journal entry. Paid $1,560 cash on a 1-year insurance policy effective July 1

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