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Do T-Accounts showing parts a) and b) in one set of T-Accounts. a. A one-year insurance policy was purchased on November 1 for $2,400, and

Do T-Accounts showing parts a) and b) in one set of T-Accounts.

a. A one-year insurance policy was purchased on November 1 for $2,400, and the following entry was made at that time:

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