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On September 1, 2017, a company paid an $20,700 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy

On September 1, 2017, a company paid an $20,700 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. Income Statement Balance Sheet Propaid Insurance Insurance Expense Accrual Basis Cash Basis Accrual Basis Cash Basis Dec. 31, 2017 2017 + Dec. 31, 2018. 2018 Dec. 31, 2019 Dec. 31, 2020 2019 2020 Totalimage text in transcribed

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