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Issued check 295 in the amount of $1,008.42 to Gecko Insurance Company for six months coverage on the delivery trucks. Premiums are a prepaid asset.

Issued check 295 in the amount of $1,008.42 to Gecko Insurance Company for six months coverage on the delivery trucks. Premiums are a prepaid asset.

How would this be posted , again just want to make sure I am doing this right. Thanks for your help. It is greatly appreciated.

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