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On December 31 ,2015 Carmack company's prepaid insurance account had a balance before adjustment of $6,000. The insurance was purchased on July 1 of the
On December 31 ,2015 Carmack company's prepaid insurance account had a balance before adjustment of $6,000. The insurance was purchased on July 1 of the same year for one gets of insurance converge. The adjustij entry needed on December 31 is
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