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how do I journalize this equation April James Company receives and pays a bill for a two-year insurance polky premium, $2,000. The policy begins on

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how do I journalize this equation

April James Company receives and pays a bill for a two-year insurance polky premium, $2,000. The policy begins on May I. November 12 James Company purchases land for $50,000 on account. Date Account Title Debit Credit Explanation

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