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What journal entries are required at 1 January 20X9 and 30 June 20X9? XYZ paid its annual insurance policy on 1 January 20X9 for $438,000.

What journal entries are required at 1 January 20X9 and 30 June 20X9? XYZ paid its annual insurance policy on 1 January 20X9 for $438,000. The insurance policy covered the period from 1 February 20X9 to 31 January 20Y1.

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