Mountaineer Excavation operates in a low-lying area that is subject to heavy rains and flooding. Because of this, Mountaineer purchases one year of flood insurance in advance on March 1, paying $33,600 ($2,800/month).

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1.	Record the purchase of insurance in advance on March 1.(Omit the "$" sign in your response.)

Date	General Journal	Debit	Credit
Mar. 1	n/r	n/r
	n/r		n/r