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The Prepaid Insurance account shows the following on November 30: Beginning balance $4,720 July 1 4,200 October 1 7,272 The beginning balance represents a one-year

  1. The Prepaid Insurance account shows the following on November 30:
    Beginning balance $4,720
    July 1 4,200
    October 1

    7,272
    The beginning balance represents a one-year policy purchased in September of the PREVIOUS year. The July 1 entry represents a new one-year policy, and the October 1 entry represents additional coverage in the form of a three-year policy.I need help finding the debit and credit for insurance ex. and prepaid insurance

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