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canyou please answer for me step by step and choose which one theanswers are correct Help 5ave o Exit On January 1, 2022, Peach Company

canyou please answer for me step by step and choose which one theanswers are correct Help 5ave o Exit On January 1, 2022, Peach Company purchased a five-year insurance policy for \( \$ 5,000 \). If the cost was debited to Prepaid Insurance, the adjusting entry ot the end of 2022 is Mu 2 answers

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