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MOOGYEOL CO. paid an insurance for its facilities amounting to 24,000.00 covering 2 years starting May 30, 2020. This was hastily recorded by the accounting
MOOGYEOL CO. paid an insurance for its facilities amounting to 24,000.00 covering 2 years starting May 30, 2020. This was hastily recorded by the accounting staff as Salaries Expense. On December 31, 2020, the portion of this payment that should be duly carried forward as prepaid insurance on the next period is__?
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