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On August 1 , 2 0 2 5 , Yellow Company paid $ 6 , 3 2 0 for a three - year insurance policy.
On August Yellow Company paid $ for a threeyear insurance policy. On that date, an expense account was charged. In the adjusting entry on December there would be a
a debit to Insurance Expense for $
b credit to Prepaid Insurance for $
c credit to Prepaid Insurance for $
d credit to Insurance Expense for $
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