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On July 1, 2008, Sheeley Company pays $8,000 to its insurance company for a 2-year insurance policy. Instructions Prepare the necessary journal entries for Sheeley

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On July 1, 2008, Sheeley Company pays $8,000 to its insurance company for a 2-year insurance policy. Instructions Prepare the necessary journal entries for Sheeley on July 1 and December 31

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