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insurance purchased during 2020 is PomIS Below is the T-account for prepaid insurance for 2020: Dr Prepaid Insurance 1/1 12000 12/31 19000 12/31 13000 The

insurance purchased during 2020 is

PomIS Below is the T-account for prepaid insurance for 2020: Dr Prepaid Insurance 1/1 12000 12/31 19000 12/31 13000 The company adjusts the accounts at the end of the year. Insurance during 2020 is

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