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On november 1, Girtz corporation purchased a six-month insurance policu from the Tomptee Agency fro $4,500 a. Prepare the necessary adjusting entry fir Girtz corporation

On november 1, Girtz corporation purchased a six-month insurance policu from the Tomptee Agency fro $4,500

a. Prepare the necessary adjusting entry fir Girtz corporation on November 30,assuming it recorded the Novemberv1 expenditure as unexpired insurance

b. Prepare the necessary adjusting entry for the Topmtee Agency on November 30, assuming it recorded Girtz's payment as unearned insurance premiums

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