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please answe 1 a and b On December 1, 20X7, company pays an annual insurance premium of $3,600 that covers December 1, 20X7, to November

please answe 1 a and b
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On December 1, 20X7, company pays an annual insurance premium of $3,600 that covers December 1, 20X7, to November 30, 20X8. a. Show the adjusting entry on December 31, 20X7, if the $3,600 payment was recorded in Prepaid Insurance. b. Show the adjusting entry on December 31, 20X7, if the $3,600 payment was recorded in Insurance Expense

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