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What would the Financial Journal look like for these events? Instructions The prepaid insurance account had a beginning balance of $4,500 and was debited for

What would the Financial Journal look like for these events?

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Instructions The prepaid insurance account had a beginning balance of $4,500 and was debited for $16,600 of premiums paid during the year Journalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is $5,600. Refer to the Chart of Accounts for exact wording of account titles

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