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On April1, 2017 JHJ Shoe Company purchased a 12-monthinsurance policy for $1,200.Required: Record the entry to purchase the insurance policy onApril1. Also, recorded the adjusting

On April1, 2017 JHJ Shoe Company purchased a 12-monthinsurance policy for $1,200.Required: Record the entry to purchase the insurance policy onApril1. Also, recorded the adjusting required at December31,2017

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