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paid 3,000,000 cash for an insurance policy covering the next 12 months (70% for office equipment, 30% for employee insurance) starting july 1 2020 -

paid 3,000,000 cash for an insurance policy covering the next 12 months (70% for office equipment, 30% for employee insurance) starting july 1 2020 - June 30 2021

make a journal entry for this case.

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