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Exercise 3 - 1 ( Algo ) Determining assets and expenses for accrual and cash accounting LO C 1 On April 1 , Year 1
Exercise Algo Determining assets and expenses for accrual and cash accounting LO C
On April Year a company paid an $ premium on a month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table.
tableBalance Sheet,Income StatementPrepaid Insurance,Insurance ExpenseAccrual Basis,Cash Basis,,Accrual Basis,Cash BasisDecember Year Year December Year Year December Year Year December Year Year Total,$$
fill in the blanks please
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