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Problem 3: The Swope Zoo operates a drive through tourist attraction. The company adjusts its accounts at the end of each month. The selected accounts

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Problem 3: The Swope Zoo operates a drive through tourist attraction. The company adjusts its accounts at the end of each month. The selected accounts appearing below reflect balances after adjusting entries were prepared on April 30. Prepaid Insurance $1,040 Insurance Expense $520 How much did Swope initially pay for this insurance coverage? Assuming expenses are closed at 12/31 each year, what is the monthly insurance expense? How many remaining month's coverage does Swope still have

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