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Sam purchased a four-year insurance policy for $7,200. The adjusting entry for one month would include a: O A. credit to Cash, $150. OB. credit

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Sam purchased a four-year insurance policy for $7,200. The adjusting entry for one month would include a: O A. credit to Cash, $150. OB. credit to Insurance expense, $150. O c. debit to Insurance Expense, $150. OD. debit to Prepaid Insurance, $150

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