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Question 45 5 pts In May, a company paid its annual insurance premium of $18,000 for coverage that begins May 1 and ends on April

Question 45 5 pts In May, a company paid its annual insurance premium of $18,000 for coverage that begins May 1 and ends on April 30 of next year. The company records adjustments on a monthly basis. Prepare the adjusting journal entry. Use correct spelling on all account names. Enter amounts as dollars with no decimal points. Do not input a dollar sign or any other symbols. Account Name Debit Credit $ DR 1500 TA CR 1500

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