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Question #20 On July 1, Rodriguez Company paid $14,400 for two years of insurance in advance. On July 1, Rodriguez Company debited Insurance Expense, which

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Question #20 On July 1, Rodriguez Company paid $14,400 for two years of insurance in advance. On July 1, Rodriguez Company debited Insurance Expense, which is an alternate way of recording the initial expenditure Required Journalize the adjusting entry on December 31 Date Debit Credit

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