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Paid $3,000 insurance for next year in advance. Debit and credit the accounts affected Ensure the equation still balances and debits = credits Assets

Paid $3,000 insurance for next year in advance. Debit and credit the accounts affected Ensure the equation

Paid $3,000 insurance for next year in advance. Debit and credit the accounts affected Ensure the equation still balances and debits = credits Assets = Liabilities + Stockholders' Equity

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