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Isla Inc. has several different insurance policies. The company reported the following year-end balances in its accounts (before closing entries were made): 12/31/2020 12/31/2019 Insurance

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Isla Inc. has several different insurance policies. The company reported the following year-end balances in its accounts (before closing entries were made): 12/31/2020 12/31/2019 Insurance payable $450 $200 Prepaid insurance $100 $500 Insurance expense $750 $500 How much cash did the company pay for insurance during 2020

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