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On December 1, 2015, the insurance for the company's building was paid for $12,000 which will cover the period December 1, 2015-November 30, 2016. The

On December 1, 2015, the insurance for the company's building was paid for $12,000 which will cover the period December 1, 2015-November 30, 2016.

The adjusting journal entry on December 31, 2015 is:

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