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show the entries that are required for purchase and the adjusting entry for a year later. Bought a $3,000 three-year insurance policy and paid in

show the entries that are required for purchase and the adjusting entry for a year later.
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Bought a $3,000 three-year insurance policy and paid in full. Show the entries required for the purchase and the adjusting entry one year later. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). I % 0 *** A Q V 10pt BIUS Arial Paragraph 111

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