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Paid for a one year insurance policy Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit ne following transactions as journal entries.

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Paid for a one year insurance policy Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit ne following transactions as journal entries. Owner contributed $6,000 in furniture in exchange for common stock

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