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Your client wrote a check for $8,700 for a one year insurance policy on May 1. Your review of the company trial balance as of

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Your client wrote a check for $8,700 for a one year insurance policy on May 1. Your review of the company trial balance as of the end of the year shows the following information: Prepaid Insurance 8,700 Insurance Expense Prepare any necessary adjusting entries at December 31

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