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Sunny Corporation is a dental practice in Bakersfield, California. At the end of every month, Sunny Corporation's accountant prepares monthly journal entries and financial statements.
Sunny Corporation is a dental practice in Bakersfield, California. At the end of every month, Sunny Corporation's accountant prepares monthly journal entries and financial statements. On January 1, the company purchased a 1-year malpractice insurance policy for $48,000. As of January 31, no adjustment has been made to insurance. what is the account title? what is the account debit ir credit?
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