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Hanna & Co. had signed a $12,000, 12-month insurance policy on September 20 for their company vehicles. A payment for the month's coverage is due
Hanna & Co. had signed a $12,000, 12-month insurance policy on September 20 for their company vehicles. A payment for the month's coverage is due on the 20th of every month What would NOT be included in the journal entry when the next payment is made on October 20th? Select one: O a Debit Insurance Expense in the amount of $666.67. Ob. No entry required. OC. Debit Insurance Payable in the amount of $333.33 od Credit Cash in the amount of $1,000. e. Debit Insurance Expense in the amount of $333.33
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