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PB 12. Determine the amount of cash expended for Insurance Premiums during the month, based on the entries in the following accounts (assume 0 beginning

PB 12. Determine the amount of cash expended for Insurance Premiums during the month, based on the entries in the following accounts (assume 0 beginning balances)

Account debit credit

Insurance Expense

31,000

Balance 31,000

Prepaid insurance

9,000

Balance 9,000

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