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On January 1, DogMart Company purchased a two-year liability insurance policy for $26,280 cash. The purchase was recorded to Prepaid Insurance. Prepare the January 31

On January 1, DogMart Company purchased a two-year liability insurance policy for $26,280 cash. The purchase was recorded to Prepaid Insurance. Prepare the January 31 adjusting entry. If an amount box does not require an entry, leave it blank

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