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smokey company purchases a one year insurance policy on July 1 for $3,600. the adjusting entry on december 31 is 2. Prior to the adjusting

smokey company purchases a one year insurance policy on July 1 for $3,600. the adjusting entry on december 31 is
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2. Prior to the adjusting process, accrued revenue has a. been earned and cash received b. been earned and not recorded as revenue c. not been earned but recorded as revenue d. not been recorded as revenue by cash has been received

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