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Required information Exercise 5-21 (Algo) Prepaid expenses-insurance LO 5-10 [The following information applies to the questions displayed below.] A company makes the payment of a

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Required information Exercise 5-21 (Algo) Prepaid expenses-insurance LO 5-10 [The following information applies to the questions displayed below.] A company makes the payment of a one-year insurance premium of $4,440 on April 1, 2022. Exercise 5-21 (Algo) Part a (1) a-1. Use the horizontal model to record the above transaction. Note: Enter decreases to account balances with a minus sign

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