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On May 1, 2021, a company paid $4320 cash for a two-year insurance policy. The company has an October 31 fiscal year end and adjusts

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On May 1, 2021, a company paid $4320 cash for a two-year insurance policy. The company has an October 31 fiscal year end and adjusts accounts annually. Prepare any required adjusting entry. Do NOT use commas or dollar signs in your response. Debit to for Credit to for

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