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Silverstone Incorporated purchases a two-year insurance policy for $8000 cash. Silverstone debits Select one: a. An asset account O b. A liability account O c.

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Silverstone Incorporated purchases a two-year insurance policy for $8000 cash. Silverstone debits Select one: a. An asset account O b. A liability account O c. And owners' equity account d. Both B and C O e. None of the above

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