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Question 3 on November 1, George prepaid for one year of insurance for $1,200. Record the following journal entries. Accounts used Cash, Prepaid Insurance, Insurance

Question 3 on November 1, George prepaid for one year of insurance for $1,200. Record the following journal entries. Accounts used Cash, Prepaid Insurance, Insurance Expense. The prepayment on November 1. Accounts The adjustment for used insurance at December 31 (2 months). Accounts journal entry Debit journal entry Debit 4 Credit Credit
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on November 1. George prepaid for one year of insurance for $1,200. Record the following journal entries. Accounts used Cash, Prepaid Insurance, Insurance Expense. The prepayment on November 1. The adjustment for used insurance at December 31 (2 months)

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