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Gizmo Company purchased a one-year insurance policy on October 1 for $1,800. Journalize the adjusting entry required on December 31. If an amount box does

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Gizmo Company purchased a one-year insurance policy on October 1 for $1,800. Journalize the adjusting entry required on December 31. If an amount box does not require an entry, leave it blank. Dec. 31

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