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Your employer is Protect Yourself Insurance Company. On March 1st the company received$ 3,360,000 from their customers for their 6 month insurance policy. The first
Your employer is Protect Yourself Insurance Company.
On March 1st the company received$ 3,360,000 from their customers for their 6 month insurance policy.
The first month of the insurance protection starts March 2019. The customers paid cash.
Prepare the journal entries for 1-March-19 and 31-March-19
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