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The transaction used to record the purchase of an insurance policy would include ___choice1_ and choice2___ choice 1 choice 2 (cash) +supplies +Account payable (insurance

The transaction used to record the purchase of an insurance policy would include _____choice1_____ and ______choice2_______

choice 1 choice 2

(cash) +supplies

+Account payable (insurance expenses)

(prepaid expenses) +prepaid expenses

+Cash (Depreciated expenses)

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