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Using the form below, record each of the following transactions for a corporation during the year ending December 31 , Year 1. Required: a. November

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Using the form below, record each of the following transactions for a corporation during the year ending December 31 , Year 1. Required: a. November 1: Received cash from clients for services to be performed over the next six months, $12,000 b. November 1: Paid $1,200 for a 12 month insurance policy c. December 31: Recorded expiration of two months of the insurance d. December 3t Earned $4,000 of the amount received from clients in November Note: Enter any decreases to account balances with a minus sign. Leave cells blank if no input is needed

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