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On March 1, 2017, a company paid an $18,000 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy

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On March 1, 2017, a company paid an $18,000 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table. Balance Sheet Income Statement Insurance Expense Prepaid Insurance Accrual Basis Cash Basis Accrual Basis Cash Basis Dec. 31, 2017 2017 2018 Dec. 31, 2018 Dec. 31, 2019 2019 Dec. 31, 2020 2020 Total 0$ $ 0

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