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November 1, 2017 Peavy purchased a 1-year insurance policy effective immediately. The policy is for the bonding of employees ($1300 annually) and insurance for the
November 1, 2017 | Peavy purchased a 1-year insurance policy effective immediately. The policy is for the bonding of employees ($1300 annually) and insurance for the business and temporary headquarters ($500 annually). Peavy pays for the insurance policy in cash. |
What is the journal entry?
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