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Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system. April 12 Clark Company receives

Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system.

April 12 Clark Company receives and pays a bill for a two-year insurance policy premium, $3,800. The policy begins on May 1.
November 27 Clark Company purchases equipment costing $5,600, paying 40% down and the rest on account.

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