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GAAP and SAP journal entry for Underwrote $ 8 , 0 0 0 , 0 0 0 of policies. Collected $ 7 , 1 0

GAAP and SAP journal entry for Underwrote $

8, 000, 000

of policies. Collected $

7, 100, 000

in cash and recorded the remainder as premiums receivable.

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