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On January 1, Dog Mart Company purchased a 2-year liability insurance policy for $16,800 cash. The purchase was recorded to Prepaid Insurance. Journalize the January

On January 1, Dog Mart Company purchased a 2-year liability insurance policy for $16,800 cash. The purchase was recorded to Prepaid Insurance. Journalize the January 31 adjusting entry. If an amount box does not require an entry, leave it blank

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