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c. The company pays $450 on October 1 for its six-month auto insurance policy. The company recorded a $450 debit to Prepaid Insurance and

c. The company pays $450 on October 1 for its six-month auto insurance policy. The company recorded a $450 debit to Prepaid Insurance and a $450 credit to Cash. Oct 31 Adjustment Not recorded Balance Sheet Assets Liabilities Equity Income Statement Revenue Expenses

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