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On January 5, 2020, Salt Company purchased an insurance policy that covers 6 months and costs $6.000. What is the journal entry to record the

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On January 5, 2020, Salt Company purchased an insurance policy that covers 6 months and costs $6.000. What is the journal entry to record the purchase of the insurance policy: Select one: O a. nothing to record b. debit Prepaid Insurance; credit Cash c. debit Insurance; credit Account Payable d. debit Prepaid Insurance, credit Account Payable e. debit Insurance, credit Cash

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