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Please complete the question fully in the picture. Adjustment for Insurence On December 1 , a six-month liabaity insurance policy was purchesed tor $660. Analyze

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Adjustment for Insurence On December 1 , a six-month liabaity insurance policy was purchesed tor $660. Analyze the required adjustment as of December 31 using T accounts; and then formally enter this adjustment in the general journel. (Irial balance is abbreviated as TB.)

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